Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
By Anirban Sen and Echo Wang
NEW YORK (Reuters) - German premium footwear Birkenstock Holding priced its U.S. initial public offering (IPO) at $46 per share on Tuesday afternoon at the middle of its indicated price range, people familiar with the matter said.
The IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully diluted basis.
Birkenstock had enough demand to price the offering at the top of the indicated range, but the company and its underwriters chose to be conservative given the market volatility, the sources said.
The sources requested anonymity ahead of an official announcement. Birkenstock declined to comment.
Birkenstock is the fourth major company to launch a U.S. IPO in the last four weeks following those of chip designer Arm Holdings, grocery deliver app Instacart and marketing automation platform Klaviyo.
(Reporting by Anirban Sen and Echo Wang; Editing by Lisa Shumaker)
