Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Allbirds, Inc. (“Allbirds” or the “Company”) (NASDAQ-GS: BIRD) recently completed an initial public offering of 23,221,152 shares of its Class A common stock, including the full exercise of the underwriters’ option to purchase an additional 3,028,845 shares of Class A common stock, at a price to the public of $15.00 per share, generating gross proceeds of approximately $348.3 million. The Company intends to use the net proceeds from the offering for general corporate purposes.
Allbirds is a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, while treading lighter on the planet. Allbirds’ story began with superfine New Zealand merino wool and has since evolved to include a eucalyptus tree fiber knit fabric and a sugarcane-based EVA foam (SweetFoam®). Allbirds serves customers across 35 countries through 35 stores and its eCommerce website. The Company is headquartered in San Francisco, California.
For additional information about this transaction, please contact: