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Today: January 15, 2025

Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation

Birkenstock window display at shoe store in London
April 26, 2024
Reuters - Reuters

(Reuters) - Luxury sandal maker Birkenstock notched a valuation of $8.32 billion in its market debut on Wednesday after shares opened 11% below their offer price.

The stock began trading at $41 apiece on the New York Stock Exchange, compared with the initial public offering price of $46 apiece.

(Reporting by Manya Saini and Niket Nishant in Bengaluru; Editing by Anil D'Silva)

Birkenstock shares fall 11% in market debut to notch $8.32 billion valuation
Birkenstock shoe store in London

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