Dusseldorf The Barbie film grossed more than $1.3 billion worldwide, making it the most successful cinema production of the year. The film also sparked a hype around the German shoe manufacturer Birkenstock, because at the end of the story Barbie swaps her high heels for Birkenstock sandals.
For Birkenstock, the boost in attention comes at just the right time – the company plans to go public in New York shortly. According to financial circles, the manufacturer of sandals and other consumer goods wants to officially announce its planned stock market debut this week.
Corporate finance correspondent Arno Schütze reveals what is known about the IPO so far in the podcast: “From what we hear, Birkenstock is probably hoping for at least an eight billion dollar valuation, some are even saying ten to twelve billion dollars .”
Andreas Neuhaus, co-team leader for investments and markets, also presents the hedge funds’ favorite stocks. To do this, he looked at the most heavily weighted individual stocks within the “Goldman Sachs Hedge Industry VIP ETF”.
More: Birkenstock plans to announce its IPO this week
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