News updates from October 10: Birkenstock prices IPO at $46 a share, Investors cut bets on US rate rises
![Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion | RochesterFirst Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion | RochesterFirst](https://www.rochesterfirst.com/wp-content/uploads/sites/66/2023/10/6525ed7262e3d5.59940038.jpeg?w=2560&h=1440&crop=1)
Birkenstock prices its initial public offering of stock valuing the sandal maker at $8.64 billion | RochesterFirst
Birkenstock opens 11pc below IPO price in $US1.4 billion trading debut flop as the German shoemaker trades under the stock ticker BIRK
![ORIGINAL BIRKENSTOCK (MADE IN GERMANY) in a rare nude color, Women's Fashion, Footwear, Flats & Sandals on Carousell ORIGINAL BIRKENSTOCK (MADE IN GERMANY) in a rare nude color, Women's Fashion, Footwear, Flats & Sandals on Carousell](https://media.karousell.com/media/photos/products/2020/12/13/original_birkenstock_from_germ_1607837021_524182f8.jpg)
ORIGINAL BIRKENSTOCK (MADE IN GERMANY) in a rare nude color, Women's Fashion, Footwear, Flats & Sandals on Carousell
![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)