Rakuten Trade clients have an amazing opportunity on their hands! Recently, German premium footwear sensation, Birkenstock (BIRK), has successfully listed on the New York Stock Exchange (NYSE).
For those who are unfamiliar, Birkenstock is one of the largest German brands worldwide, being the German footwear industry’s largest employer. Rather than outsource production, the company prefers to keep manufacturing local, with over 95% of all products being manufactured at the company’s own production sites.
Over 100 years ago, Birkenstock invented the footbed, a part of footwear that is incredibly common today. Thanks to this, much of our footwear comfort can be credited to Birkenstock.
From Barbie to NYSE
Birkenstock has also made waves as of late, with some of its products being featured in the Barbie movie, being shown off by the fabulous Margot Robbie herself.
The stock was listed on the New York Stock Exchange on October 11 in a less than spectacular debut. Described as one of the worst debuts on NYSE, the stock dropped as much as 21% in the first week of trading.
Since then, it has moved up and down, and currently trading at over 4% off its October 11 opening price. According to Morningstar, the stock is trading at US$38, quite a bit lower than its issue price of US$46.
If you are considering investing in Birkenstock, now is your opportunity. Rakuten Trade clients can now own a piece of BIRK’s business by buying their shares.
Source: Rakuten Trade
If you’re a Birkenstock fan, considering adding their shares to your portfolio here.
Trade on NYSE, NASDAQ or HKSE
Rakuten Trade is one of the earliest to offer fully digital equity brokerage services to Malaysian. This means you can now trade on the NYSE, NASDAQ or Hong Kong Stock Exchange at much lower rates.
It used to be expensive for Malaysians to buy international stocks with local brokers. With high minimum fees and paying them in US currency, many beginners or those without huge investment sums can be discouraged. This will no longer be an obstacle by using Rakuten Trade.
With Rakuten Trade, it is also now more affordable to own brands like Amazon, Apple and Tesla. This is possible with their fully digital US Fractional Share Trading Service.
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