Jim Cramer says investors should wait and see with Birkenstock's IPO

CNBC's Jim Cramer on Monday told investors they may be wise to sit out Wednesday's Birkenstock IPO.

CNBC's Jim Cramer on Monday told investors not to immediately buy shares of Birkenstock when its IPOs this week.

Birkenstock is expected to attain a $10 billion valuation and is seeking to price shares at the top of its $44 to $49 range, Reuters"In the end, Birkenstock has a great product — one that even found its way into the incredibly popular Barbie movie — but you need to be very careful with its stock after the IPO on Wednesday," Cramer said. "I worry that it'll be too expensive right out of the gate and will only get more expensive in the initial feeding frenzy.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CNBC /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Birkenstock eyes pricing IPO at top of range, sources sayBirkenstock Holding Ltd (BIRK.N) has secured enough commitments from investors to price its U.S. initial public offering (IPO) at the top of its indicated range and attain a $10 billion valuation, according to people familiar with the matter.
Read more »

Birkenstock eyes pricing IPO at top of range -sourcesBirkenstock eyes pricing IPO at top of range -sources
Read more »

Birkenstock IPO expected to prove the next test of investor appetite for dealsDeal comes at a time of weak aftermarket performance by recent deals
Read more »

Jim Cramer explains why the Israel-Hamas war may not steer Monday's market actionCNBC’s Jim Cramer suggested the deadly conflict between Israel and Hamas may not be the driving force in Monday’s market action.
Read more »

Jim Cramer's top 10 things to watch in the stock market MondayThe Dow, S&P 500 and Nasdaq were lower Monday after Hamas conducted a surprise attack on Israel.
Read more »

Birkenstock shoes in hospitals, on runways and in 'Barbie'Birkenstock has seen increases in the popularity of its brand over the years, with its various shoe styles appearing in places ranging from hospitals and fashion runways to the 'Barbie' movie.
Read more »