$6 billion for Birkenstocks. Well, over$6 billion
for I stand corrected. I mean, I know
they're popular, right? And this one and this
was a company that was taken private or taken over
by private equity, I should say just a couple
of years ago. Right. That's right. It's
a little bit over two years ago, beat out
a CBC and another private firm to take the company
uh into the private equities hand. Um the company's
family, the two brothers, uh Bienstock brothers actually
retain a minority stake and it's a very, it
is actually a Birkenstock. There is a lot here
. Go ahead, go ahead and they're all in
Germany. This is uh this has become a global
product. It's not just for every day they're having
very high fashion luxury collaborations with, with um it's
an exciting story, not just I know I never
owned a pair of Birkin this year and I thought
they had some collab with Todd Snyder and I and
my wife was like, you should get these.
So is very cool. Yeah. So uh anyway
, not to, not to throw you off track
here, but I am curious about what this says
just about. And I know that this is probably
the time frame for, this isn't like this isn't
happening tomorrow, right? This is maybe a year
out. Is that the idea? Yeah. So
like any IP O it takes a long time to
prepare, we're learning that it would either be later
this year or sometime next year, which is actually
a good thing. You know, IP O market
really comes and goes and for, for a company
to prepare for an IP O right now. It
doesn't mean that they tap the market right now.
But like you said, currently, the IP O
market is not that bad, went public raising 206
$6 million and it actually traded up is still up
almost 80% compared to offer price. And is there
anything else in the pipeline though? I mean that
that could come soon or are we just gonna have
to wait and see there are a couple of things
that uh that people are expecting, you know,
their company in the tech space that had always been
rumored to be IP O such as the Instacart,
the go, all these companies will be a little
bit more sensitive to a market sentiment compared to a
consumer product company like a Birkenstock.