Birkenstock - comment

The secondary offering raised $950m for LVMH, whilst reducing its shareholding from 72% to 62%. The $52.50 price per share is 14% above the October 2023 IPO price, where 26% of the company was sold to the public. A further 2.3% of the shares were repurchased by Birkenstock at $52.50 per share.

https://www.birkenstock-holding.com/news/birkenstock-announces-launch-of-secondary-offering-and-concurrent-share-repurchase/adc1fdb6-f29f-42ad-9de0-be6299495a98