Allbirds Seek IPO

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

In preparing for an IPO, Allbirds (San Francisco) is reportedly in the process of interviewing banks, according to CNBC and New York Times DealBook.

The brand’s sustainable wool slip-on sneaker grew in popularity during the pandemic, according to CNBC, and the brand recently launched a running shoe and has begun selling apparel like sweaters, jackets and socks.

It isn’t yet clear when Allbirds will go public, but the company was last valued at approximately $1.7 billion. It currently operates 23 stores internationally.

VMSD Staff

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