Birkenstock eyes pricing IPO at top of range -sources

Birkenstock Holding Ltd has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter. The German premium footwear company will make a final decision on pricing its IPO at the top of its $44-to-$49-per-share range on Tuesday, ahead of its shares debuting in New York on Wednesday, the sources said. Birkenstock would end up raising $1.58 billion at the top of the range.