Birkenstock Holding PLC’s stock BIRK rose 4.5% Monday, putting it on track for its first gain since it went public last week. The stock closed down 12.9% on its first day of trade to mark one of the worst debuts for a billion-dollar deal of the last decade, according to Renaissance Capital.
The stock is trading at $38, well below its issue price of $46. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.Source [MarketWatch.com – MarketPulse](http://www.marketwatch.com/news/story/birkenstocks-stock-up-45-put/story.aspx?guid=%7B20C06575%2D04D4%2DB545%2D727F%2DA04013761580%7D&siteid=rss)