Allbirds taps US banks for IPO

Allbirds IPO
The company is seeking to be valued at $2 billion (£1.4 billion) or more in the listing
// Allbirds plans on launching US IPO which could value it at over £1.4bn
// The retailer confidentially submitted listing documents to US Securities & Exchange Commission
// Allbirds is working with Morgan Stanley, JPMorgan Chase & Co and Bank of America Corp

Allbirds has drafted in Morgan Stanley along with other US banks as it plans on launching an IPO in the US.

The wool shoe retailer confidentially submitted its listing documents to the US Securities and Exchange Commission and is seeking to go public as soon as September.

Allbirds is also working with JPMorgan Chase & Co and Bank of America Corp.


READ MORE: Allbirds raises £76m to continue store expansion despite pandemic


The company is seeking to be valued at $2 billion (£1.4 billion) or more in the listing.

Separately, Allbirds raised $100 million (£76 million) last year in an effort to continue expanding its physical store estate.

The retailer closed the fundraising round this week, which gave it a $1.7 billion (£1.2 billion) valuation.

The new funding will partly support physical expansion in markets outside the US as well as increasing headcount.

Click here to sign up to Retail Gazette’s free daily email newsletter

LEAVE A REPLY

Please enter your comment!
Please enter your name here