Investing.com -- Birkenstock fell on its stock market debut Wednesday as German sandal maker struggled to drum up demand in early trade.) opened at $41 on the New York Stock Exchange, in afternoon trading under the tick"BIRK," down about 11% from its IPO price of $46 a share.
A large chunk, roughly 90%, of the company's revenue comes from the Americas and Europe, and the German footwear maker has a broad female following, which make up about 70% of its customers, who are mostly Millennials, Gen X, and Baby Boomers.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: ksatnews - 🏆 442. / 53 Read more »
Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day.
Source: wjxt4 - 🏆 246. / 63 Read more »
Birkenstock set for its stock market debut as Wall Street trades in its wingtips for sandalsBirkenstock 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 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. It is due to start trading Wednesday on the New York Stock Exchange under the “BIRK” ticker symbol. The company’s footwear was first cobbled together by Johann Adam Birkenstock in Germany in 1774. The sandals have long been deri
Source: AP - 🏆 728. / 51 Read more »
Birkenstock set for stock market debut as Wall Street trades in wingtips for sandalsBirkenstock is making its debut on the stock market as Wall Street trades in its wingtips for sandals for a day
Source: ABC - 🏆 471. / 51 Read more »