US Weekly IPO and SPAC Monitor: Birkenstock IPO Flop Puts New Issues on Hold

The week was highlighted by the flop of the much awaited 250-year-old sandal brand Birkenstock (BIRK) $1.5 billion IPO, one of the largest consumer discretionary IPOs of the past two decades. The reaction was not a surprise after the selloffs in $ARM and $CART after big pops and selloffs. Birkenstock fell 13% on its first day and finished the week down 21%. There are currently no deals scheduled for the week ahead as the IPO market pauses to digest the … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock IPO Flop Puts New Issues on Hold”

US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs

A quiet week for the new quarter with one small issuer and two SPACS going public. Specialty grocer Maison Solutions raised $10 million at a $74 million market cap. After a 120% pop $MSS finished the week up 83%. For the week ahead the much awaited 250-year-old sandal brand Birkenstock (BIRK) is launching its $1.5 billion IPO, which would be one of the largest consumer discretionary IPOs of the past two decades. In the past 20 years, only nine consumer … Continue reading “US Weekly IPO and SPAC Monitor: Birkenstock Joins Largest Consumer Discretionary IPOs”