German shoe brand Birkenstock made its market debut Wednesday after pricing its IPO at $46.
German shoe brand Birkenstock, known for its Arizona sandals, made its market debut Wednesday on the New York Stock Exchange.
Shares of Birkenstock slid about 10% in their debut on the New York Stock Exchange on Wednesday, after the longtimeBirkenstock sold 10.75 million ordinary shares in the offering, raising about $495 million and valuing the company at about $8.64 billion. The offering comes as the IPO market gradually begins to defrost after more than a year of stagnation. But it has remained choppy and uncertain. Multiple recent IPO filers did well in their first couple of days of trading, but those stocks have since fallen.at $30 per share last month. But after an initial 40% pop, it closed at $33.70 on its first day on the Nasdaq and is now trading below its opening share price.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Birkenstock opens at $41 per share in market debut, after pricing IPO at $46German shoe brand Birkenstock made its market debut Wednesday after pricing its IPO at $46.
Read more »
Birkenstock's stock falls 10% in trading debut after IPO priced at lower end of rangeDeal is latest test of a struggling IPO market
Read more »
News Of The Day – 10/10Good morning. Here’s all you need to know about what went on in the world of music in the past 24 hours: Sorpresa! Bad Bunny is releasing a new album,
Read more »
Seahawks News 10/10: Injury updates on Jamal Adams, Charles Cross, and othersRead!
Read more »
German sandal maker Birkenstock set to open below its IPO issue priceCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Read more »