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Birkenstock is now an $8B company

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Birkenstock will be making its debut on the New York Stock Exchange Wednesday under the ticker symbol BIRK.

The beloved cork-soled shoemaker announced that it will price its initial public offering at $46 a share — in the middle of the price range it indicated last week. The listing will raise $1.5 billion and make Birkenstock an $8.6 billion company.

Read more from CNN Business.

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