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Bloomberg
Shoemaker Allbirds and its existing shareholders are seeking to raise up to $269 million in an IPO, adding to a fast-paced season for consumer-oriented listings in the US The San Francisco-based company is marketing 15.4 million shares for $12 to $14 each, according to its filing with the US Securities and Exchange Commission. Existing backers are selling an additional 3.85 million shares in the listing.
At the top of that range, Allbirds would have a market value of $2 billion based on the outstanding shares listed in its filing. Accounting for employee stock options and restricted stock units, the company would have a fully diluted value of $2.2 billion.