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in Fashion

The Birkenstock Brothers Are Worth $3.4 Billion, Even After the Shoemaker’s Shares Tanked at Its IPO

by Editor October 13, 2023, 1:44 am 1.5k Views

Birkenstock Reveals 21% Revenue Jump in Updated Financials Ahead of IPO

Two of the heirs of German sandal maker Birkenstock are now worth a combined $3.4 billion after the company went public, Bloomberg reported.

This is despite the company’s opening being the worst in more than two years for a company listing for $1 billion or more in New York. Shares opened at $41 on Wednesday, 11 percent below their offer price of $46.

The nearly 250-year-old company listed on the New York Stock Exchange via an IPO,…

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Posted by Editor

Israel releases images of babies murdered and burned by Hamas as 'verified photos' of others beheaded by terrorists are 'confirmed' by local media and rescue team reveals pregnant woman 'had child sliced from her womb'

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