CNBC's Jim Cramer on Monday told investors they may be wise to sit out Wednesday's Birkenstock IPO.
CNBC's Jim Cramer on Monday told investors not to immediately buy shares of Birkenstock when its IPOs this week.
Birkenstock is expected to attain a $10 billion valuation and is seeking to price shares at the top of its $44 to $49 range, Reuters"In the end, Birkenstock has a great product — one that even found its way into the incredibly popular Barbie movie — but you need to be very careful with its stock after the IPO on Wednesday," Cramer said. "I worry that it'll be too expensive right out of the gate and will only get more expensive in the initial feeding frenzy.
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