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Allbirds Files for IPO

Announcement comes following Allbirds $25.9 million net loss in 2020




Allbirds in SoHo, N.Y. Courtesy of Allbirds, San Francisco

Footwear and apparel brand Allbirds (San Francisco) has officially filed an Initial Public Offering (IPO), according to Retail Dive and a S-1 form filed with the United States Securities and Exchange Commission (Washington, D.C.). The company plans to use the ticker “BIRD” with the Nasdaq stock market.

Allbirds hasn’t yet specified the number of shares available. During the first six months of 2021, the company revealed net losses of $21 million; brand revenue in 2020 totaled $219 million, up from $194 million in 2019.

In the filing, the company said it expects to continue to incur significant losses in the future but plans to “generate and sustain increased revenue levels in future periods to achieve profitability.”

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