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Birkenstock stepped into the public market on Wednesday.Shares of the shoemaker debuted at $41 a share on the New York Stock Exchange under the ticker symbol "BIRK." The company priced shares on ...
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Founded in 1774 by Johann Adam Birkenstock and headquartered in Neustadt (Wied), Rhineland-Palatinate, Germany, the company's original purpose was to create shoes that support and contour the foot, compared to the flat soles of many shoes during that time. In 1896, the Fussbett (footbed) was designed, and by 1925, Birkenstocks were sold all ...
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Birkenstock 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 ...
But while Birkenstock has recovered its initial price, the meagerness of that accomplishment symbolizes how much 2023's IPOs have lagged the larger market—whether that’s in retail or tech. The ...
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