Warner Bros.
- Birkenstock priced its IPO at $46 a share Tuesday.
- The sandal maker is set to debut on the New York Stock Exchange Wednesday at an $8.6 billion valuation.
- It's the latest test for the IPO market after Arm, Klaviyo, and Instacart all listed last month.
Birkenstock is set to make its stock-market debut Wednesday, listing via an IPO that values the company at $8.6 billion.
The German sandal maker said Tuesday that it would price its shares at $46, in the middle of the $44 to $49 range it had announced last week.
Over 32 million shares will be on sale in an offering that could raise just under $1.5 billion, by Insider's calculations.
Birkenstock will trade on the New York Stock Exchange under the ticker "BIRK".