Sustainable shoe brand Allbirds (San Francisco) has reportedly selected banks including Morgan Stanley for its IPO, reports Bloomberg. The direct-to-consumer retailer has filed listing documents with the U.S. Securities and Exchange Commission and looks to go public by September.
Allbirds, which is also working with JP Morgan Chase and Bank of America, reportedly is looking for a valuation of $2 billion or more. Allbirds raised $100 million in funding in September from private equity.