Allbirds, Inc. reports news on its sustainable lifestyle footwear business, including product collections, material innovation and channel strategy. Company updates cover footwear and apparel made with materials such as Merino wool, tree fiber, sugarcane, hemp and organic cotton, as well as collaborations tied to new silhouettes and color collections.
Recurring Allbirds developments include launches such as Canvas Cruiser, Terralux, Varsity and Dasher NZ, partnerships involving alternative materials, earnings releases, operating updates, retail-footprint actions, e-commerce and wholesale priorities, and capital or shareholder matters affecting its Class A common stock.
Allbirds has launched its roadshow for an initial public offering (IPO) of 19,230,768 shares of Class A common stock, aiming for a price between $12.00 and $14.00 per share. The offering includes 15,384,615 shares from Allbirds and 3,846,153 shares from existing stockholders, with a potential 30-day option for underwriters to purchase an additional 2,884,615 shares. Allbirds seeks to list on the Nasdaq under the ticker symbol BIRD. Major underwriters include Morgan Stanley, J.P. Morgan, and BofA Securities.