Unexpected drop is ominous sign for IPO market
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Birkenstock shares declined in their stock-market debut Wednesday, a potentially brutal blow to an IPO market that was just showing signs of recovery.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.
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Birkenstock Stock IPO Looks Richly Priced at Over 35 Times EarningsThe maker of the popular and venerable sandals featured in the Barbie movie plans to go public later Tuesday at a valuation of about $9 billion.
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Birkenstock Stock IPO: What to ExpectThe German shoe maker expects to price its IPO between $44 and $49 per share.
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Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billionBirkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion. The company said Tuesday that it had priced its IPO at $46 a share, in the middle of its expected price range of $44 to $49 per share. 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 lo
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Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billionBirkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion.
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Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billionBirkenstock has set a price for its initial public offering of stock that values the 249-year-old German maker of upmarket sandals at $8.64 billion.
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HP Inc., Silk Road Medical, Walgreens, Fresenius Medical, Birkenstock, and More Stock Market MoversHP Inc. is increasing its annual dividend by 5%, Silk Road Medical reduces full-year revenue guidance, and Birkenstock makes its trading debut Wednesday.
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