Shares of German shoe brand Birkenstock dropped over 12% in the stock's public market debut on Wednesday. The stock opened at $41 after the company known for its Arizona sandals priced its IPO at $46 per share.
Shares of Instacart finished their first trading day up 12% from the IPO price of $30 per share. The grocery-delivery company's IPO was one of the most awaited of 2023, alongside British chip designer Arm, after being in the works for years.
Gainers MicroAlgo Inc. (NASDAQ: MLGO) shares jumped 74% to $7.02 after it unveiled a knowledge-enhanced backtracking search algorithm to boost the performance and efficiency of research institutions.
Gainers TransCode Therapeutics, Inc. (NASDAQ: RNAZ) shares jumped 308% to $2.71 after the company announced pre-clinical gliblastoma results with its lead candidate, TTX-MC138.
