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Companies pursuing U.S. initial public offerings after a string of lackluster stock market debuts are receiving advice from investment bankers to lower their valuation expectations. The...
Companies pursuing U.S. initial public offerings (IPOs) after a string of lackluster stock market debuts are receiving advice from investment bankers to lower their valuation expectations. The IPO market saw a flurry of big listings in the last five weeks, emerging from an arid spell that lasted most of 2022 and 2023 and was driven by stock market volatility amid rising interest rates. There were four major IPOs, and three of them disappointed investors.
German premium footwear Birkenstock Holding priced its U.S. initial public offering at $46 per share on Tuesday afternoon at the middle of its indicated price range, people familiar with the matter...
NEW YORK (Reuters) -German premium footwear maker Birkenstock Holding priced its U.S. initial public offering (IPO) at the middle of its indicated price range at $46 per share, the company said on Tuesday. Birkenstock and its underwriters chose to price the offering conservatively given the market volatility, despite having enough demand to price the share sale at the top of the indicated range of $44 to $49 per share, according to people familiar with the matter. The IPO raised about $1.48 billion based on 32.3 million shares sold and values the company at about $9.3 billion on a fully dilu...
German premium footwear Birkenstock Holding priced its U.S. initial public offering at $46 per share on Tuesday afternoon at the middle of its indicated price range, people familiar with the matter...