Birkenstock shares are trading lower after the company announced that it filed for an offering of up to 14 million ordinary shares by the selling shareholder.
Portfolio Pulse from Benzinga Newsdesk
Birkenstock shares are trading lower after the company announced a filing for an offering of up to 14 million ordinary shares by the selling shareholder.
June 24, 2024 | 8:24 pm
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Birkenstock shares are trading lower following the announcement of a filing for an offering of up to 14 million ordinary shares by the selling shareholder.
The announcement of a large share offering typically leads to a decrease in stock price due to dilution concerns. Investors may perceive the increase in available shares as a potential decrease in the value of existing shares.
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IMPORTANCE 80
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