The legendary BIRKENSTOCK footbed represents the best alternative to walking barefoot, encouraging proper foot health by evenly distributing weight and reducing pressure points and friction.

German sandal maker Birkenstock raised $1.5B in its IPO, valuing the company at $8.6B, which lost 13% in market value on its first trading day. The company was overvalued in private markets and the footwear sector has not had great returns from new public entrants.

Securities and Exchange Commission: Birkenstock Holding plc