Birkenstock Shares Tank 13% From IPO Price In Rare Debut Unlacing
The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.
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The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.
The 249-year-old German sandal maker proved to be an unwanted debutante, underperforming Arm, Instacart and Klaviyo’s 15% average rise in their September debuts.
Once the symbol of the counterculture, lately the darlings of the fashion world, Birkenstock went public in New York.
Birkenstock is entering the market with hopes to grow its business in Asia and the United States.
Arm, which is majority owned by SoftBank, currently holds one buy rating, three holds, and one sell. Data compiled by Bloomberg indicates an average price target of about $53.