Reuters German premium footwear brand Birkenstock on Tuesday filed for an initial public offering in the United States, underscoring a pickup in the country39;s equity markets and becoming the second big European company to seek a foreign listing this month.

Its filing with the U.S. securities regulator did not disclose the financial details of the offering, but revealed that net revenue for the six months ended March 31 rose 19 to 644.17 million euros 692.87 million and profit fell 45.3 to 40.21 million euros.

The German sandal maker39;s IPO ambitions come hot on the heels of filings by British chipmaker Arm, data automation provider Klaviyo and grocery delivery app Instacart, as equity markets in the U.S. thaw after a murky economic outlook led to a slow start to the year.

Birkenstock39;s filing also follows the marketing blitz around blockbuster movie Barbie, in which star Margot Robbie was seen donning a pair of pink Birkenstocks, boosting the popularity of the comfortfocused footwear among fashion aficionados.

SoftBank Groupowned Arm and now Birkenstock39;s decision to list outside Europe comes as IPO markets in the region wade through a lackluster year, with volumes far below 202139;s record levels. In contrast, U.S. listings have fetched nearly double the amount secured in 2022, according to data from Dealogic.

In July, Birkenstock majority owner L Catterton39;s beauty firm Oddity Tech rose 40 on its Nasdaq debut. L Catterton is a private equity firm backed by…