Allbirds Completes $348 Million Initial Public Offering

Consumer

Allbirds IPO


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
Consumer

Allbirds IPO

Date
November 2021
Company
Allbirds, Inc.
Transaction
Equity Capital Markets
Sectors
Consumer
Verticals
Fitness & Sporting Good
Outdoor Recreation
Performance & Lifestyle Apparel and Footwear
Target Location
North America

Share