Birkenstock set for tepid debut: From German village to US stock market - sandal maker readies for NYSE listing after $1.5 bn IPO

US News: German sandal maker Birkenstock had an underwhelming debut on Wall Street, with its stock ending over 12% below its IPO price. The shares started trad

While SoftBank had said in March it planned to list Arm in the U.S. stock market, the company's IPO registration shows that it is pressing ahead with the blockbuster offering despite adverse market conditions.

Chinese authorities had forced Didi Global to delist from the New York Stock Exchange last year after it ran afoul of the authorities by pushing ahead with a $4.4 billion listing in the US in July 2021.

Snapdeal co-founders Kunal Bahl and Rohit Kumar Bansal are among the two sharks who had acquired stakes in the digital-first beauty and personal care company at an average cost price of just Rs 3.21 per share in August 2017. At the upper price band of Rs 324, the duo stands to make an astounding profit of Rs 38.27 crore translating into a return of 9,993%.

Faze Three shares have provided a whopping return of almost 5,700% in the past decade, reaching almost INR 6 lakh from an initial investment of INR 10,000. The stock has witnessed a surge of 1,103% and offered returns of 302% in the last three and five years, respectively. The company is a majority-promoter-owned home interior product manufacturer and exporter with a market capitalization of INR 933 crore. Domestic funds have made Faze Three one of their top picks for the month. Technical analysts also suggest holding the stock at the current market price.

The last time a stock with a tiny free float rose from relative obscurity to the ranks of the worlds largest companies, it didnt end well. AMTD Digital Inc., another US-listed company with roots in Asia, soared more than 32,000% in the span of a few weeks. AMTD has since tumbled more than 99%, hitting a record low last week. Its valuation now stands at a humble $1.2 billion.

London-based BAT has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. ​The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future.

Urban Enviro Waste Management Ltd, Bizotic Commercial Ltd, Cosmic CRF Ltd, Cell Point (India) Ltd and HMA Agro Industries Ltd are opening for initial public offering (IPOs).

If we go by the grey market trends, the listings of all eight companies will likely be at a minimum premium of over 20%. Motisons Jewellers is leading the lot as the stock is trading over 100% higher than the IPO price of Rs 55.