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Birkenstock stumbles in its stock market debut as Wall Street trades in its wingtips for sandals

Por: ABC News Business October 11, 2023

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NEW YORK -- Birkenstock shares are stumbling in their debut on the as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German maker of upmarket sandals set a price of $46 per share for its initial public offering of stock, valuing the company at $8.64 billion. The stock opened for trade at $41, which was below the range of $44 to $49 it had been expected to price just a week ago. Birkenstock is listed on the New York... + full article



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