IPO news and archive

Amazon prepares to go head to head with Shein ahead of its IPO

Amazon.com, Inc. is set to reduce fees for merchants selling apparel priced less than 20 US dollars as it prepares for a price war with Chinese fast-fashion giant Shein. Earlier this week Amazon announced plans to cut merchant fees on apparel-related products priced under 15 US dollars to 5 percent from January 2024. Fees on apparel priced...

ManagementFeatured

Shein reportedly files low-profile IPO in US

Chinese e-commerce giant Shein has reportedly filed for a confidential initial public offering (IPO) in the US, as it looks to test investor interest in the region. It is understood that the retailer is working with Goldman Sachs, JPMorgan Chase and Morgan Stanley, each appointed as lead underwriters, according to sources. Further speculation...

ManagementFeatured

Birkenstock shares slide in NYSE debut

Shares in German footwear specialist Birkenstock fell over 10 percent on its first day of trading on the New York Stock Exchange. The company had set its initial public offering (IPO) price at 46 dollars per share - just below the middle of its previously announced target price range of between 44 dollars and 49 dollars. However, its share price...

BusinessFeatured

Birkenstock officially launches IPO on NYSE

Footwear specialist Birkenstock has announced the launch of its initial public offering (IPO), with over 32 million ordinary shares to be made available via the New York Stock Exchange. Under the ticker symbol ‘Birk’, the company said its IPO price is currently expected to be between 44 dollars and 49 dollars per ordinary share. While...

Report

Coty follows through with dual listing, applies for Euronext Paris

After months of speculation and vague details of planning, beauty giant Coty has officially applied for the listing and trading of its Class A common stock on Euronext Paris. The American cosmetics group, which already trades on the New York Stock Exchange, revealed that it was mulling a dual listing back in May, stating at the time that such a...

Report

Puig eyes 2024 for IPO filing

Spanish fashion and beauty group Puig, the parent company of Dries van Noten, Jean Paul Gaultier, Nina Ricci and Paco Rabanne, among others, is reportedly entering the stock market. The company is targeting an IPO in 2024 with an estimated valuation of €8 billion, according to Europa Press. Spanish economic and business newspaper 'Expansión'...

ManagementFeatured

German footwear retailer Birkenstock files for New York IPO

Footwear retailer Birkenstock has confirmed media speculation that it plans to launch an initial public offering (IPO). The German company announced Tuesday plans to float on the New York Stock Exchange under the ticker ‘BIRK’. The company has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission...

Business

Amer Sports, owner of Salomon and Arc'teryx, files for IPO

Global sports conglomerate Amer Sports has initiated the process for an Initial Public Offering (IPO). Headquartered in the United States, Amer Sports operates a diverse portfolio that includes renowned brands such as Arc'Teryx, Salomon, Peak Performance, and Wilson, a leading name in tennis equipment. While unofficial sources have hinted at a...

Report

Birkenstock UK posts jump in FY sales, but narrowing profits amid IPO rumours

The UK division of German footwear retailer Birkenstock has reported a jump in sales but narrowing profits amid speculation the company could go public. Birkenstock UK reported a 49 percent increase in revenue to 34.55 million pounds despite “a challenging business environment” in the year to September 30, according to filings at Companies...

Report

Oddity officially launches IPO, seeks valuation of up to 1.7 billion dollars

Israel-based tech platform Oddity has announced the official launch of its initial public offering. The firm, which owns beauty brands Il Makiage and SpoiledChild, launched onto the US stock market with over 10.5 million Class A ordinary shares, while seeking a valuation of up to 1.7 billion dollars. The company said it is expecting the price of...

Report

Birkenstock reportedly readying itself for potential IPO

German footwear brand Birkenstock is believed to be mulling a possible initial public offering (IPO), with its key owner L Catterton understood to be meeting bankers to suss out the process. The shoe company is expected to make the move to go public this coming autumn, a financial source told WWD, while another told the publication that this...

Business

Shein pursues Wall Street IPO amid rumours of imminent listing

Shein, the e-commerce giant, is reportedly pursuing an initial public offering (IPO) on Wall Street. While Shein has not confirmed the rumours, which were first reported by Reuters, it is said to have submitted confidential documents for the IPO, which could take place by the end of the year. The company recently secured 2 billion dollars in...