Deal Details
Allbirds Completes $348 Million Initial Public Offering
Summary
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.
Baird served as a co-manager on this offering.
About
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.CONTACT US TO LEARN MORE
- Date
- November 2021
- Company
- Allbirds, Inc.
- Transaction
- Equity Capital Markets
- Sectors
- Consumer
- Verticals
-
Performance & Lifestyle Apparel and Footwear
Active Lifestyles, Fitness & Mobility
Outdoor Recreation & Sporting Goods
- Target Geography
- North America
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