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Birkenstock's IPO was one of the worst debuts for a billion-dollar deal in a decade

Por: MarketWatch Politics October 16, 2023

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Of the 95 IPOs that have raised at least $1 billion in the past 10 years, only five have performed worse than Birkenstock on their first day of trade. The deal was the worst since AppLovin in April of 2021, which ended its first day of trade down 18.5%. “Larger IPOs are generally at a lower risk of immediately breaking issue: only 20% of the past decade’s billion-dollar IPOs closed negative on the first day, compared to 27% for all IPOs,”... + full article



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