Birkenstock Holding Announced The Pricing Of An Underwritten Secondary Public Offering Of 14,000,000 Of Its Ordinary Shares By BK LC Lux MidCo S.à R.l. At A Price To The Public Of $54.00 Per Share
Portfolio Pulse from Benzinga Newsdesk
Birkenstock Holding announced the pricing of an underwritten secondary public offering of 14,000,000 of its ordinary shares by BK LC Lux MidCo S.à R.l. at a price to the public of $54.00 per share.
June 27, 2024 | 7:01 am
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Birkenstock Holding announced a secondary public offering of 14,000,000 shares at $54.00 per share. This could lead to short-term downward pressure on the stock price due to increased supply.
The announcement of a secondary public offering typically increases the supply of shares in the market, which can lead to downward pressure on the stock price in the short term. The offering price of $54.00 per share sets a benchmark that may influence investor sentiment.
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