Sneaker Brand Allbirds Seeks to Raise Up to $269 Million in IPO
- Company could be valued at more than $2 billion in listing
- Shoe startup is marketing shares in range of $12 to $14
Photographer: Al Drago/Bloomberg
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Shoemaker Allbirds Inc. and its existing shareholders are seeking to raise up to $269 million in an initial public offering, adding to a fast-paced season for consumer-oriented listings in the U.S.
The San Francisco-based company is marketing 15.4 million shares for $12 to $14 each, according to its filing Monday with the U.S. Securities and Exchange Commission. Existing backers are selling an additional 3.85 million shares in the listing.