IPO - Birkenstock Holding plc

Form Type: 424B7

Filing Date: 2025-05-29

Corporate Action: Ipo

Type: New

Accession Number: 000095017025078749

Filing Summary: Birkenstock Holding plc, through its selling shareholder BK LC Lux MidCo S.à r.l., is conducting a public offering of 17,927,344 ordinary shares, with 14,000,000 offered to the public and the remaining 3,927,344 shares to be repurchased through a Share Redemption at the offering price. The offering is underwritten by a consortium led by Goldman Sachs & Co. LLC and J.P. Morgan. Following the offering, the selling shareholder is projected to retain approximately 63.67% of ordinary shares, allowing Birkenstock to continue as a controlled company under NYSE corporate governance rules. The anticipated public offering price is $52.50 per share. The company will not receive any proceeds from the sale, as funds will go to the selling shareholder, while the Share Redemption will cancel the redeemed shares, impacting total share count. The date of the prospectus supplement is May 28, 2025 and the offering is expected to close on May 30, 2025.

Form Type: 424B7

Filing Date: 2025-05-28

Corporate Action: Ipo

Type: Update

Accession Number: 000095017025078449

Filing Summary: Birkenstock Holding plc is offering 15,691,399 ordinary shares through BK LC Lux MidCo S.à r.l., ultimately controlled by L Catterton. An additional option allows underwriters to purchase up to 1,800,000 ordinary shares. The company will not receive any proceeds from this sale. A Share Redemption has been agreed to, whereby Birkenstock will repurchase up to $200 million worth of ordinary shares, equating to 3,691,399 shares at the last reported price of $54.18. Following the offering and redemption, a total of 12,000,000 shares will be available for public sale. The redemption is anticipated to be funded with existing cash. The ordinary shares are listed on the NYSE under the symbol “BIRK.” The document emphasizes the risks associated with investing and outlines the company’s commitment to proper corporate governance despite being classified as a controlled company.

Form Type: F-3ASR

Filing Date: 2025-02-13

Corporate Action: Ipo

Type: New

Accession Number: 000095017025019903

Filing Summary: On February 13, 2025, Birkenstock Holding plc filed a registration statement with the SEC on Form F-3ASR for the offering of its ordinary shares. The filing is part of a shelf process allowing the company or selling shareholders to offer shares from time to time. The ordinary shares, which have no par value, will be traded under the symbol 'BIRK' on the New York Stock Exchange. The company has a history dating back to 1774 and aims to represent quality and tradition in shoemaking. The proceeds from the share sales are intended to be used as specified in the applicable prospectus supplements. Risk factors associated with investing in these shares are highlighted, along with the company's dividend policy which anticipates no cash dividends in the foreseeable future. The prospectus includes fundamental company details, intended use of proceeds, and guidance on risks involved in investment. Any selling shareholders will be responsible for their own expenses, and the company will not receive funds from their sales.