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Oct 2 - Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated U.S. initial public offering .
The IPO market is seeing a slow revival in activity after being on ice for a couple of years, but the post-debut performances of companies that have listed so far this year including Instacart and Arm have been mixed. "Investor sentiment is still highly sensitive, particularly given the realisation that high interest rates are set to linger. So, despite the heady ambitions, Birkenstock may still end up listing at a mid or lower price in the range, regardless of all the publicity," said Susannah Streeter, head of money and markets, Hargreaves Lansdown.
Financière Agache, controlled by Europe's Arnault family that owns LVMH , has indicated an interest in buying $325 million of ordinary shares in the offering, Birkenstock said.
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