<\/span><\/h2>\nThe touch of luxury in Birkenstock isn’t limited to LVMH’s stake in the company. Alexandre Arnault, son of LVMH\u2019s CEO and one of the world’s wealthiest individuals, has been nominated to Birkenstock’s board of directors. Financi\u00e8re Agache, the Arnault family office, has expressed interest in purchasing additional shares worth up to $325 million (likely over 3% stake). Norway’s sovereign wealth fund and Durable Capital Partners have also shown interest in buying shares worth approximately $300 million.<\/p>\n
Since mid-September, Birkenstock is the fourth major company to debut in the US market. Shares of chipmaker Arm fell by 10% from their IPO price, Instacart dropped over 20%, while marketing firm Klaviyo’s shares are flat compared to their debut price.<\/p>\n
If Birkenstock shares turn out to be significantly overvalued on their debut, the risk premium may be deemed too low, leading to depreciation until supply and demand stabilize at levels facilitating further growth. It’s also worth noting that speculators might be highly active on the debut day. If broader market sentiments are positive, we might witness a buying frenzy at the opening. Are investors still willing to pay a premium for quality? We’ll find out tomorrow.<\/p>\n
Author: Eryk Szmyd, XTB analyst<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"The German footwear brand Birkenstock is set to become one of the oldest European companies to be listed on the stock exchange tomorrow. Its roots trace back to the second half of the 18th century. However, the brand’s popularity surged during the 1960s hippie movement and more recently due to an appearance in a ‘Barbie’ […]<\/p>\n","protected":false},"author":1,"featured_media":3597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[14],"tags":[3697,3744,281,3818,3312],"class_list":["post-3596","post","type-post","status-publish","format-standard","has-post-thumbnail","category-investing","tag-adidas","tag-eryk-szmyd","tag-norway","tag-nyse","tag-xtb"],"jetpack_publicize_connections":[],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/3596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/comments?post=3596"}],"version-history":[{"count":0,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/posts\/3596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media\/3597"}],"wp:attachment":[{"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/media?parent=3596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/categories?post=3596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ceo.com.pl\/en\/wp-json\/wp\/v2\/tags?post=3596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}