World Footwear

Companies

Allbirds set to launch Initial Public Offering

Nov 2, 2021 United States
Allbirds set to launch Initial Public Offering
The sustainable footwear company is targeting a valuation of up to 2.2 billion dollars by offering 19.2 million shares of its Class A shares, priced from 12 to 14 US dollars
Concretely, 15.4 million shares are being offered by Allbirds and 3.8 million shares are being offered by existing Allbirds’ stockholders. In addition, the company and the selling stockholders expect to grant the underwriters a 30-day option to purchase an additional 2.9 million shares of Class A common stock at the IPO price, less underwriting discounts, and commissions. Allbirds has applied to list its Class A common stock on the Nasdaq Global Select Market under the ticker symbol “BIRD.”

According to ShoeIntelligence.com, funds affiliated with Franklin Templeton and TDM Growth Partners have indicated an interest in purchasing up to an aggregate of 70 million dollars shares at the IPO price. However, the expressions of interest are not yet binding.

Allbirds claims to have sold more than eight million pairs of shoes since its founding (in 2015) to over four million customers globally. Nevertheless, it remains loss-making. The company has said to expect net loss between 15 million dollars and 18 million dollars, due to higher expenses, in the quarter ended on the 30th of September, as compared with net loss of 7 million dollars last year.

Image Credits: the-spin-off.com


Related Events

  • Aug
    24
    Aug 24-Aug 26, 2025 | Chicago, United States

    Chicago Collective Women's Edition

  • Aug
    24
    Aug 24-Aug 26, 2025 | Palm Beach, Florida, United States

    Palm Beach Trendz

  • Aug
    27
    Aug 27-Aug 28, 2025 | Portland, United States

    NW The Materials Show

  • Sep
    3
    Sep 3-Sep 4, 2025 | Boston, United States

    NE The Materials Show

Related Organizations

  • Fashion Design Office

    Fashion Design Office

    United States
  • L&HCA - Leather & Hide Council of America

    L&HCA - Leather & Hide Council of America

    United States
  • AAFA - American Apparel & Footwear Association

    AAFA - American Apparel & Footwear Association

    United States
  • Council of Fashion Designers of America, Inc.

    Council of Fashion Designers of America, Inc.

    United States