Allbirds Targets A More Than $2 Billion Valuation In Upcoming IPO

Allbirds is targeting a valuation of as much as $2.2 billion in its initial public offering, the company said Monday in a regulatory filing. Its debut will add to the wave of retail brands that started by selling directly to consumers online that are testing investors’ appetites on Wall Street. The sustainable shoe brand said it is offering 19.2 million shares priced between $12 and $14. At the high end of that range, Allbirds would bring in roughly $269 million in its market debut. Read more at CNBC.