Traders on the floor of the New York Stock Exchange wear Birkenstock sandals during the company's IPO, Wednesday, Oct. 11, 2023, in New York.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 company’s footwear was first cobbled together by Johann Adam Birkenstock in Germany in 1774. The sandals have long been derided as the antithesis of high fashion but have a cult following and this year got a plug in the blockbuster film “Barbie.” Birkenstock’s formula for success began with a view that humans are intended to walk barefoot. The company said in its filing that its footbed, which was developed in 1902, “represents the best alternative to walking barefoot, encouraging proper foot health by evenly distributing weight and reducing pressure points and friction.”
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day. The 249-year-old German...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsNEW YORK (AP) — Birkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Asian shares rise after eased pressure on bonds pushes Wall Street higherBANGKOK (AP) — Shares advanced Wednesday in Asia, tracking Wall Street gains following an easing of pressure from the bond market. U.S. futures slipped and...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »
Stock market today: Wall Street rises as pressure relaxes from the bond marketNEW YORK (AP) — Stocks closed higher as pressure relaxed on Wall Street from the bond market. The S&P 500 rose 0.5% Tuesday. The Dow added 134 points, and the Nasdaq composite climbed 0.6%.
Herkunft: SooToday - 🏆 8. / 85 Weiterlesen »
Stock market today: Wall Street rallies as pressure relaxes from the bond marketU.S. stocks are rallying Tuesday as pressure on Wall Street from the bond market comes off the boil.
Herkunft: CTVNews - 🏆 1. / 99 Weiterlesen »
Stock market today: Wall Street points higher on hints that interest rate hikes may abateWall Street is following global markets higher before Tuesday's opening bell on some potentially encouraging news about interest rates, which have been dragging markets lower since the summer.
Herkunft: CTVNationalNews - 🏆 82. / 51 Weiterlesen »