Birkenstock opens 11pc below IPO price in $US1.4 billion trading debut flop as the German shoemaker trades under the stock ticker BIRK
News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
![German sandal maker Birkenstock taken over by LVMH-backed group | Mergers and acquisitions | The Guardian German sandal maker Birkenstock taken over by LVMH-backed group | Mergers and acquisitions | The Guardian](https://i.guim.co.uk/img/media/7542e93ec670f1b5f49ac5a563b222cc4088cd57/270_123_3210_1925/master/3210.jpg?width=1200&quality=85&auto=format&fit=max&s=74a1b4f1b64f3eda20fab1fd06f33066)
German sandal maker Birkenstock taken over by LVMH-backed group | Mergers and acquisitions | The Guardian
![Birkenstock shares fall 12.6% after landing on the US stock market | Fashion industry | The Guardian Birkenstock shares fall 12.6% after landing on the US stock market | Fashion industry | The Guardian](https://i.guim.co.uk/img/media/67155d46d891734b3a065c7fd5f431860f7fff51/0_190_7269_4364/master/7269.jpg?width=1200&height=1200&quality=85&auto=format&fit=crop&s=eab3c542aba325da799122d866d1fe89)
Birkenstock shares fall 12.6% after landing on the US stock market | Fashion industry | The Guardian
![Birkenstock Arizona Birko-Flor Nubuk - Sandals - Stone, Size:44 N EU | Amazon price tracker / tracking, Amazon price history charts, Amazon price watches, Amazon price drop alerts | camelcamelcamel.com Birkenstock Arizona Birko-Flor Nubuk - Sandals - Stone, Size:44 N EU | Amazon price tracker / tracking, Amazon price history charts, Amazon price watches, Amazon price drop alerts | camelcamelcamel.com](https://images-na.ssl-images-amazon.com/images/I/41REdwMxp2L.jpg)