Traders on the floor of the New York Stock Exchange wear Birkenstock sandals during the company's IPO, Wednesday, Oct. 11, 2023, in New York. (AP Photo/Richard Drew)
October 16, 2023
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October 16, 2023 midnight
Birkenstock stumbles on Wall Street as investors find sandal maker's shares too pricey
Some traders on the floor of the New York Stock Exchange donned the iconic opened-toed footwear, and Birkenstock CEO Oliver Reichert rang the opening bell, with people around him waving sandals in the air.