One year after a disappointing stock market debut in the United States, German sandal manufacturer Birkenstock on Thursday reported a positive share price balance. The share prices closed at just under $50 on Thursday, above the issue price of $46 and well above the interim lows of around $36. In October 2023, Birkenstock set the issue price at a cautious $46 per share – right in the middle of the previously agreed range of $44 to $49. However, enthusiasm for the company’s initial public offering (IPO) was dampened by investor concerns about consumer spending. On the first day of trading, the …