Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation

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Matt Dusk sings Sinatra in Halifax/PEI/Moncton | SaltWire - Luxury sandal maker Birkenstock notched a valuation of $8.32 billion in its market debut on Wednesday after shares opened 11% below their offer price.

The stock began trading at $41 apiece on the New York Stock Exchange, compared with the initial public offering price of $46 apiece.

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