Birkenstock’s private equity parent plans Sept. IPO at more than $8 billion valuation: Bloomberg

L Catterton, the private-equity owner of iconic German sandal brand Birkenstock, is planning to take the company public in September at a more than $8 billion valuation, Bloomberg reported Monday, citing people with knowledge of the matter. The news comes as Birkenstock is enjoying a marketing boost from the Greta Gerwig-helmed “Barbie” movie, which has led the U.S. box office for the past two weekends. Margot Robbie, who plays the titular role, dons a pair of Birkenstocks in her signature pink in the film’s final scene. Goldman Sachs and JPMorgan are working on the IPO, according to Bloomberg. The Renaissance IPO ETF
IPO,
+1.03%
has gained 47% in the year to date, while the S&P 500
SPX,
-0.00%
has gained 19%.