Shoemaker Allbirds Is Said to Tap Morgan Stanley for IPO
- JPMorgan, Bank of America also working with Allbirds
- Silicon Valley footwear pick seeks $2 billion value or more
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Allbirds Inc., the wool trainers favored by technology workers, has tapped banks including Morgan Stanley for its initial public offering, according to people with knowledge of the matter.
The direct-to-consumer shoe brand has confidentially submitted its listing documents to the U.S. Securities and Exchange Commission and is seeking to go public as soon as September, the people said, asking not to be identified discussing private information.