Birkenstock Hits $8.6 Billion USD Valuation in IPO

Birkenstock has stepped onto the New York Stock Exchange with a $8.6 billion USD valuation. The German sandal maker is priced at $46 USD a share for its IPO, which is within the $44 to $49 USD range that was previously predicted. This marks official price that institutional investors are willing to pay before they begin selling the stock on open market and placing the value of the almost two and a half century old sandal company in the hands of the market. The high-profile stock is slated to set...