Ciara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
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 offering priced late Tuesday, a bit shy of the midpoint of its expected range, as investors remain cautious about new public debuts and the casual-footwear market remains competitive. The company is expected to start trading on the New York Stock Exchange on Wednesday under the ticker “BIRK.” Goldman Sachs, JPMorgan and Morgan Stanley were the lead underwriters on the deal.
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Birkenstock expects to prices IPO at $46 per share, toward midpoint of stated rangeGerman shoemaker Birkenstock is expected to price its IPO at $46 per share on Tuesday.
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Birkenstock expects to prices IPO at $46 per share, toward midpoint of stated rangeGerman shoemaker Birkenstock is expected to price its IPO at $46 per share on Tuesday.
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Birkenstock expects to price IPO at $46 per share, toward midpoint of stated rangeGerman shoemaker Birkenstock is expected to price its IPO at $46 per share on Tuesday.
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Birkenstock Set for New York Listing After $1.5B IPOLVMH-backed Birkenstock was set for a New York listing Wednesday after the German luxury sandal maker notched a valuation of $9.3 billion in its U.S. initial public offering.
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Birkenstock laces up for US listing after $1.5 billion IPOBirkenstock laces up for US listing after $1.5 billion IPO
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