The company has started trading, on the 3^rd of November, on the Nasdaq exchange at an opening price of 21.21 US dollars per share, which was about 60% above the 15 US dollars price of the offering. At the end of the day, it closed at 28.64 US dollars per share, valuing the company at 2.15 billion US dollars. The evening before had increased the initial offer price per share to 15 US dollars, already higher than the previously proposed range of 12 US dollars to 14 US dollars per share.

According to ShoeIntelligence.com, the high stock market capitalization of 4.4 billion US dollars given to Allbirds at the peak of trading equalled around 20 times its annual revenues. This reflects the value attributed by investors to sustainability and direct-to-consumer sales, despite the company remaining loss-making due in part to the investment in marketing and the opening of many physical stores. The digital channel represented more than 80% of Allbirds’ revenues of approximately 220 million US dollars in 2020.

The company is trading on the Nasdaq exchange under the ticker symbol BIRD. Morgan Stanley, JP Morgan and BofA Securities were selected as lead book-running managers for the IPO.