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Birkenstock slipped over 10% as it debuted on the New York Stock Exchange on Wednesday. It's trading at $41 at writing – a day after pricing its initial public offering at $46.
Shoemaker lands on NYSE with $8.3bn valuation but analysts warn public debut comes amid difficult market conditions
Shares of Birkenstock opened 11% below their initial public offering (IPO) price on Wednesday as investors proceeded with caution following the mixed performance of recent high-profile listings.   B
Jeff Kilburg, KKM Financial founder and CEO, and CNBC's Leslie Picker join 'The Exchange' to discuss the Birkenstock IPO opening, competition in the footwear space, and the health of the IPO market.
CNBC's Deirdre Bosa, joins 'The Exchange' to discuss Birkenstock dropping $5 off its IPO price, the state of direct-to-consumer retail models, and Birkenstock's unique approach to DTC business.

Birkenstock Shares Fall in Stock-Market Debut

01:50pm, Wednesday, 11'th Oct 2023
Birkenstock shares declined in their stock-market debut Wednesday, a potential blow to an IPO market that was just showing signs of recovery.
Iconic German sandal maker Birkenstock Holdings Ltd.'s stock fell 10% out of the gate in its trading debut Wednesday, signaling that investors remain cautious about new deals and the casual-footwear m
German shoe brand Birkenstock made its market debut Wednesday after pricing its IPO at $46.
Iconic German sandal maker Birkenstock Holdings PLC's stock BIRK, opened at $41.20 in its trading debut Wednesday, down 10.4% from its issue price of $46. The initial public offering priced late Tuesd
CNBC's Deirdre Bosa reports on the most recent IPO to trade.
Nikhil Thukral, L Catterton managing partner, joins 'Squawk on the Street' to discuss what changes Thukral made that drove the upside in Birkenstock's valuation, why Birkenstock was determined to go p
Birkenstock shares are set to open as much as 13% lower than their initial public offering (IPO) price on Wednesday, according to a Reuters report. The German sandal-marker priced its IPO on the New Y
Iconic German sandal maker Birkenstock looked set to fall in its trading debut Wednesday, with indications showing it may open between $42 and $44, below its issue price of $46. The initial public off
Birkenstock CEO Oliver Reichert joins 'Squawk on the Street' to discuss why now is the right time to go public, how Reichert has kept the brand relevant, and more.
German shoe retailer Birkenstock has raised $1.4 billion in its initial public offering (IPO). The company set the price of its shares in the middle of the range it had initially sought, valuing Birke
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