Headlines

Allbirds IPO Raises $303 Million

Sustainable footwear brand valued at $2.16 billion

Published

3 years ago

November 3, 2021

Allbirds IPO Raises $303 Million — Courtesy of Allbirds

Sustainable footwear brand Allbirds (San Francisco) raised $303 million during its initial public offering yesterday, reports Bloomberg. It reportedly sold about 20 million shares at $15 each.

The company has a market value of about $2.16 billion based on outstanding shares, an increase from last year’s round of funding that valued the brand at $1.7 billion. Seventeen investment banks are working on the Allbirds IPO including Morgan Stanley, JP Morgan and BofA.

Related Topics:allbirds ipo Latest News Top

Jennifer Acevedo

Jennifer Acevedo is the editor-in-chief and associate publisher of VMSD magazine.

click to Comment(Comment)

Up Next

Nike, Dick’s Link Loyalty Programs

Don't Miss

Ulta to Offer Same-Day Delivery in Select Cities

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design