Allbirds IPO to Value Retailer at $2.2 Billion
Retail TouchPoints
OCTOBER 26, 2021
Allbirds has filed for an IPO, with plans to sell 19.2 million shares of its stock at $12 to $14 per share. At the higher price, the sustainable footwear and apparel company could achieve a valuation as high as $2.2 billion. The company has not yet set a date for the IPO. The retailer, founded in 2015 as an internet-only seller of wool footwear, expanded into apparel in August 2019 with the addition of sustainably manufactured socks and added an activewear category in August 2021.
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