German footwear maker Birkenstock Holding Plc has gathered enough investor demand to price its initial public offering at the high end of its indicated price range and reach a valuation of $10 billion, Reuters reported on Sunday, citing people familiar with the matter.
A final decision on pricing the IPO at the high end of the $44 to $49 per share range is expected on Oct. 10, a day before its shares are set to debut on the New York Stock Exchange, according to the report. Such a move would see the company raise $1.6 billion.The global sell-off in bonds is a sign of acceptance that higher interest rates will be around for longer, experts say, noting that the shift holds implications for borrowing rates and mortgage holders.
The United Auto Workers union has decided not to expand its strikes against Detroit's three automakers after General Motors made a breakthrough concession on unionizing electric vehicle battery plants.The CEO of Enbridge Inc. is calling on the federal government to create a national Indigenous loan guarantee program to help First Nations communities in Canada acquire equity stakes in major resource and infrastructure projects.
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Birkenstock eyes pricing IPO at top of range -sourcesBirkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and...
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