Birkenstock IPO Shares Open For Trade At $41/Share; IPO Priced At $46/Share
Portfolio Pulse from Benzinga Newsdesk
Birkenstock's IPO shares have started trading at $41 per share, which is lower than the IPO price of $46 per share.
October 11, 2023 | 5:33 pm
News sentiment analysis
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NEGATIVE IMPACT
Birkenstock's shares opened at a lower price than the IPO, indicating a lack of investor confidence.
The opening price of Birkenstock's shares was lower than the IPO price. This could indicate a lack of investor confidence in the company's prospects, which could potentially lead to a decrease in the share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100