Birkenstock Files For Offering Of Up To 14M Ordinary Shares By Selling Shareholder
Portfolio Pulse from Benzinga Newsdesk
Birkenstock has filed for a secondary offering of up to 14 million ordinary shares by a selling shareholder, according to an SEC filing.
June 24, 2024 | 8:22 pm
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Birkenstock has announced a secondary offering of up to 14 million ordinary shares by a selling shareholder. This could lead to a short-term increase in supply of shares, potentially putting downward pressure on the stock price.
The secondary offering increases the supply of shares in the market, which can lead to a decrease in the stock price due to the higher availability of shares. Investors may view this as a dilution of their holdings.
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