Birkenstock shares are trading lower after the company announced that it filed for an offering of up to 14 million ordinary shares by a selling shareholder.
Portfolio Pulse from Benzinga Newsdesk
Birkenstock shares are trading lower following the announcement of an offering of up to 14 million ordinary shares by a selling shareholder.
June 25, 2024 | 2:24 pm
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Birkenstock shares are trading lower after the company announced an offering of up to 14 million ordinary shares by a selling shareholder.
The announcement of a large share offering typically leads to a decrease in share price due to dilution concerns and increased supply of shares in the market.
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IMPORTANCE 80
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