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Birkenstock aims to raise up to $1.58 bn in IPO
Birkenstock aims to raise up to $1.58 bn in IPO
Economy
by  AFP

German sandal maker Birkenstock on Monday set a price for its initial public offering of shares at $44 to $49 each, which could see the company raise up to $1.58 billion. Once unflatteringly associated with sock-and-sandal-wearing Germans, Birkenstock has since become a coveted fashion item, as illustrated in the latest Hollywood blockbuster "Barbie".