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

It announced last week that it would price its initial public offering at $46 a share, which was in line with the range it proposed last week. With the listing, Birkenstock will raise $1.5 billion and become an $8.6 billion company.

Birkenstock’s market capitalization rises to $9.3 billion when all shares in the company are taken into account, including those held by existing investors and employees.

As Nightcap reported recently, Birkenstocks are experiencing something similar to a Crocs moment. Although both shoe brands were popular for a short period, their luster faded and they were relegated to the realm of fads. After their peaks, they made a miraculous comeback decades later.

It is now common for supermodels to wear them as well.

A company’s value ultimately depends on how much traders think it’s worth, just like beauty is in the eye of the beholder.

It’s pretty wacky when traders rush to buy stocks like Bed Bath and Beyond when they’re hanging by a thread.

At the moment, Birkenstock is essentially saying it is worth $8.6 billion.

Nevertheless, regular people like you and me will be able to get in on the Birkenstock revolution after tomorrow’s debut.