Allbirds Prices IPO At $15/Share Valuing Company At $2.1B

Global lifestyle brand Allbirds Inc BIRD has priced its initial public offering (IPO) of 20.2 million shares at $15.00 per share, above its expected price range of $12 to $14 per share.
The startup's valuation is about $2.15 billion, based on the 143.12 million shares to be outstanding after this offering.
About 16.35 million shares were sold by Allbirds, and 3.84 million shares were offered by certain existing stockholders.
The underwriters have a 30-day option to buy up to an additional 0.5 million shares from Allbirds and up to an additional 2.5 million shares from certain existing stockholders.
The shares are expected to begin trading on the Nasdaq Global Select Market on November 3, 2021, under the ticker symbol "BIRD."
The offering is expected to close on November 5, 2021.