Allbirds, Inc.
| General Information | |
| Business: | Joseph Zwillinger and Timothy Brown are our co-CEOs. We began our journey in 2015 with three fundamental beliefs about the emerging generation of consumers: first, these consumers recognize that climate change is an existential threat to the human race; second, these consumers connect their purchase decisions with their impact on the planet, demanding more from businesses, and third, these consumers do not want to compromise between looking good, feeling good, and doing good.
Our most iconic product, the Wool Runner, which TIME magazine named the “World’s Most Comfortable Shoe,” features a distinctly simple design showcasing our sustainably sourced merino wool combined with our innovative SweetFoam sole, made with the world’s first carbon-negative green ethylene-vinyl acetate, or EVA. We market directly to consumers via our localized multilingual digital platform and our physical footprint of 27 stores as of June 30, 2021. In 2020, our digital channel represented 89 percent of our sales and our stores the remaining 11 percent. (**Note: Revenue and net loss are for year ended Dec. 31, 2020.) (Note: Allbirds, Inc. upsized its IPO at pricing on Nov. 2, 2021, by pricing the stock at $15 – $1 above the top of its $12-to-$14 range – and selling 20.19 million shares – up from 19.23 million – to raise $302.85 million.)
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| Industry: | Manufacturing - Shoes |
| Employees: | 275 |
| Founded: | 2015 |
| Contact Information | |
| Address | 730 Montgomery Street San Francisco, CA 94111 |
| Phone Number | (628) 225-4848 |
| Web Address | http://www.allbirds.com/ |
| View Prospectus: | Allbirds, Inc. |
| Financial Information | |
| Market Cap | $2162.23mil |
| Revenues | $219.3 mil (last 12 months) |
| Net Income | $-25.9 mil (last 12 months) |
| IPO Profile | |
| Symbol | BIRD |
| Exchange | NASDAQ |
| Shares (millions): | 20.2 |
| Price range | $15.00 - $15.00 |
| Est. $ Volume | $302.9 mil |
| Manager / Joint Managers | Morgan Stanley/ J.P. Morgan/ BofA Securities/ Baird/ William Blair/ Piper Sandler/ Cowen and Company/ Guggenheim Securities/ KeyBanc Capital Markets/ Stifel/ Telsey Advisory Group |
| CO-Managers | C.L. King & Associates/Drexel Hamilton/Loop Capital Markets/Penserra/Ramirez & Co./Siebert Williams Shank |
| Expected To Trade: | 11/3/2021 |
| Status: | Priced |
| Quiet Period Expiration Date: | Available only to Subscribers |
| Lock-Up Period Expiration Date: | Available only to Subscribers |
| SCOOP Rating | Available only to Subscribers |
| Rating Change | Available only to Subscribers |