UPDATE: Birkenstock Holding Shares Indicated To Open Between $40-$41 Vs $46 IPO Price
Portfolio Pulse from Benzinga Newsdesk
Birkenstock Holding's shares are expected to open between $40-$41, lower than the initial public offering (IPO) price of $46, according to Reuters.
October 11, 2023 | 5:15 pm
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Birkenstock Holding's shares are expected to open lower than the IPO price, which could lead to a negative sentiment among investors.
The opening price of a stock post-IPO is a critical indicator of market sentiment. In this case, Birkenstock's shares are expected to open lower than the IPO price, which could lead to negative sentiment among investors and potentially impact the stock price negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100