Factbox: Birkenstock's IPO seeks steady footing as shoemakers struggle for traction

Allbirds

02/10/2023 18:20

Oct 2 (Reuters) - Premium footwear maker Birkenstock
said on Monday it was seeking a valuation of roughly $10 billion
in its U.S. initial public offering (IPO) as it joins a rush of
other companies that are going public after two quiet years.
    This comes at a time when persistent inflation has squeezed
budgets and hit sales of footwear makers including Allbirds
 BIRD.O  and On Holding  ONON.N , which have struggled to live
up to the hype around their listings.
        
                                                      
 Company      IPO year         Valuation   Current    Annual
                              at debut    market      revenue 
                                          capitaliza  
                                          tion        
                                                      
 Allbirds     November 2021   $3.3 bln    $168.64     FY 2022:
  BIRD.O                                  mln         297.77 mln
 Dr. Martens  January 2021    3.7 bln     1.4 bln     FY 2023:
  DOCS.L                      pounds      pounds      241.70 mln
                              ($5.07      ($1.70      pounds
                              bln)        bln)        ($293.47
                                                      mln)
 On Holding   September 2021  $11.35 bln  $8.83 bln   FY 2023: CHF
  ONON.N                                              1.22 bln
                                                      ($1.33 bln)
 Birkenstock  2023            NA*         NA*         FY 2022:
                                                      1.24 bln
                                                      euros 
                                                      ($1.30 bln)
 Source: Company earnings releases and media reports
*: Company yet to be listed    

($1 = 0.8236 pounds)

($1 = 0.9164 Swiss francs)

($1 = 0.9516 euros)

 (Reporting by Juveria Tabassum; Editing by Pooja Desai)
 ((Juveria.Tabassum@thomsonreuters.com;))