- Birkenstock’s stock rose 4.5% on Monday, signaling its first gain since going public last week.
- The stock had a disappointing debut, closing down 12.9% on its first day of trade.
- Birkenstock’s stock is currently trading at $38, significantly below its issue price of $46.
Birkenstock Holding PLC’s stock saw a 4.5% increase on Monday, marking its first gain since its initial public offering (IPO) last week. The stock had a rough start, closing down 12.9% on its first day of trade, making it one of the worst debuts for a billion-dollar deal in the past decade. Currently, the stock is trading at $38, well below its issue price of $46.
