Birkenstock stock opens at $41 per share, lower than IPO price

Yahoo Finance Video
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Shares of German footwear brand Birkenstock (BIRK) opened lower in its IPO debut on the Nasdaq. The stock began trading on Wednesday at $41 per share, $5 off its initial listing price of $46 per share.

Yahoo Finance Markets Reporter Jared Blikre evaluates IPO market sentiments after the addition of several public offerings in the past month.

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This post was written by Luke Carberry Mogan.