Deals
Sneaker Brand Allbirds Tops IPO Goal to Raise $303 Million
- Allbirds shares sell for $15, above marketed range of $12-$14
- IPO follows consumer listings such as Federer-backed shoemaker
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Shoemaker Allbirds Inc. expanded an initial public offering and priced the shares above a marketed range to raise $303 million.
The San Francisco-based company and its existing shareholders sold more than 20 million shares Tuesday for $15 each after marketing 19 million of them for $12 to $14, according to a statement confirming an earlier report by Bloomberg News.