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How Birkenstock s lackluster debut mistimed the shaky IPO market

The maker of cork-soled sandals closed down 12.6 percent on Wednesday for the worst first-day showing in a US IPO of $1 billion or more in more than two years.

How Birkenstock s weak debut mistimed the shaky IPO market

The maker of cork-soled sandals closed down 12.6% on Wednesday for the worst first-day showing in a US IPO of $1 billion or more in more than two years.

How Birkenstock s Lackluster Debut Mistimed the Shaky IPO Market

(Bloomberg) Birkenstock Holding Plc, the 249-year-old footwear brand, stumbled onto Wall Street last week in a debut that could quash the fledgling rebound of initial public offerings.Most Read from BloombergIsrael Latest: Army Says Hamas Officials Dead; Over 600,000 in Gaza Flee SouthUS Pushes to Contain Israel-Hamas War, Warns Iran About EscalationUS to Tighten Curbs on China’s Access to Advanced Chip TechIsrael Latest: Biden and Abbas Talk as Gaza Invasion NearsGlobal Markets Stable as US

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