The trendy shoe brand Allbirds is in the process of interviewing banks in preparation for an initial public offering, according to a report in the New York Times DealBook. The direct-to-consumer company was last valued at roughly $1.7 billion. A representative from Allbirds did not immediately respond to CNBC’s request for comment. It isn’t clear when Allbirds plans to go public, but an IPO would launch it into an already hot market, fueled by a recent slew of tech IPOs. Consumer-facing brands such as Jessica Alba’s Honest Company are now readying a debut. The eyeglass retailer Warby Parker and Panera’s parent company JAB Holdings are also reportedly looking to go public amid mounting investor enthusiasm post-pandemic for retail and restaurant brands. Read more at CNBC.