Birkenstock Goes Public, But the Ride Has Been Rocky
While down from 2021 levels, initial public offerings, or IPOs, are up this year after dropping significantly in 2022. One of the more recent high-profile companies to go public is German shoe manufacturer Birkenstock (NYSE:BIRK), which hit the market on Wednesday.
Less than two days in, it has been a bit of a rocky start for Birkenstock, although this has not been unusual for recent IPOs.
Going public at $46 per share
Birkenstock was founded in Germany in 1774 by Johann Birkenstock, and 249 years later, the iconic brand is bigger than ever, making an appearance in the blockbuster Barbie movie. It had been family-owned until 2021, when private equity firm L Catterton acquired a majority stake and brought it public.
逐句文法分析
1. Birkenstock Goes Public, But the Ride Has Been Rocky
go public
go public 是財經英文中非常常見的片語,意思是「上市、公開上市」。
the ride has been rocky
rocky 原本是「多岩石的、崎嶇的」,但在這裡是比喻某個過程並不順利。
a rocky start = 艱難的開始、不順利的開局。
因此 the ride has been rocky 可以理解為「這段過程並不順利」或「這段上市之路並不順利」。
2. While down from 2021 levels, initial public offerings, or IPOs, are up this year after dropping significantly in 2022.
While down from 2021 levels
while 在這裡表示「雖然」。
While down from 2021 levels 實際上省略了主詞與 be 動詞,完整概念可以理解為:
down from 2021 levels = 比 2021 年的水準低。
initial public offerings, or IPOs
initial public offerings = 首次公開募股,通常簡稱為 IPOs。
這裡的 or IPOs 是同位語,用來提供前面完整名稱的縮寫。
are up this year
be up 在財經英文中表示「上升、增加」。
相反的說法是 be down,表示「下降」。
after dropping significantly in 2022
drop significantly = 大幅下降、顯著下降。
常見的近義表達包括:
- fall significantly
- decline significantly
- decrease significantly
- drop sharply
- decline substantially
3. One of the more recent high-profile companies to go public is German shoe manufacturer Birkenstock.
one of the more recent…
one of the + 複數名詞 表示「……其中之一」。
high-profile companies
high-profile 表示「受到高度關注的、知名的、備受矚目的」。
近義詞包括:
- prominent
- well-known
- notable
- widely recognized
to go public
to go public 在這裡修飾前面的 companies,意思是「上市的公司」。
4. which hit the market on Wednesday.
hit the market
hit the market = 上市、進入市場。
這裡的 hit 並不是「打」的意思,而是固定用法。
這個片語也可以用於產品:
5. Less than two days in, it has been a bit of a rocky start for Birkenstock, although this has not been unusual for recent IPOs.
Less than two days in
… days in 可以表示「進入某件事情幾天」。
Less than two days in 在這裡就是「上市還不到兩天」。
a bit of a rocky start
a bit of a + 名詞 可以表示「有點……」。
a bit of a rocky start = 有點不順利的開局。
although
although = 雖然、儘管,用來引導讓步子句。
has not been unusual
not unusual 字面上是「並不罕見」,實際上可以理解為「並不少見」或「很常見」。
6. Going public at $46 per share
go public at $46 per share
at $46 per share 表示「以每股 46 美元的價格」。
財經英文中也常見:
7. Birkenstock was founded in Germany in 1774 by Johann Birkenstock, and 249 years later, the iconic brand is bigger than ever, making an appearance in the blockbuster Barbie movie.
was founded
be founded = 成立。
這裡使用被動語態:
249 years later
years later = 幾年後。
iconic brand
iconic = 具代表性的、經典的。
an iconic brand = 經典品牌、具有代表性的品牌。
近義詞包括:
- famous
- legendary
- renowned
不過 iconic 不只是「有名」,還帶有「具有代表性、經典」的意思。
bigger than ever
比較級 + than ever 表示「比以往更加……」。
making an appearance
make an appearance = 出現、亮相。
blockbuster movie
blockbuster 表示「轟動的、非常賣座的」。
a blockbuster movie = 賣座大片。
近義表達:
- hit movie
- hugely successful movie
8. It had been family-owned until 2021, when private equity firm L Catterton acquired a majority stake and brought it public.
had been family-owned
這裡使用「過去完成式+被動語態」:
表示在過去某個時間點以前,一直處於某種狀態。
family-owned = 家族持有的、由家族所有的。
private equity firm
private equity firm = 私募股權公司。
acquired a majority stake
acquire = 收購、取得。
majority stake = 多數股權、多數持股。
acquire a majority stake = 收購多數股權/取得多數持股。
相反的說法是:
bring it public
bring a company public = 讓一家公司上市、推動一家公司上市。
它和 go public 意思相近,但使用角度不同:
重要片語
1. Go Public
go public = 上市、公開上市
2. Rocky Start
rocky start = 不順利的開始、艱難的開局
3. Hit the Market
hit the market = 上市、進入市場
4. High-Profile
high-profile = 備受關注的、知名的
5. Make an Appearance
make an appearance = 出現、亮相、出席
6. Bigger Than Ever
bigger than ever = 比以往更加龐大、比以往更強
7. Majority Stake
majority stake = 多數股權、多數持股
8. Bring a Company Public
bring a company public = 讓一家公司上市
重要單字
- initial public offering:首次公開募股
- manufacturer:製造商
- high-profile:備受關注的
- rocky:不順利的;崎嶇的
- iconic:具代表性的;經典的
- blockbuster:轟動的;非常賣座的
- family-owned:家族持有的
- private equity:私募股權
- acquire:收購;取得
- stake:股權;持股
- majority:多數
- share:股票;股份
同義詞與相關表達
go public
- launch an IPO
- conduct an IPO
- list on a stock exchange
- become a publicly traded company
drop significantly
- fall significantly
- decline significantly
- decrease significantly
- drop sharply
- decline substantially
high-profile
- prominent
- well-known
- notable
- widely recognized
iconic
- famous
- legendary
- renowned
blockbuster
- hit
- hugely successful