Allbirds Valued at $2.1 Billion After IPO Prices Above Range
$GlobalFoundries (GFS.US)$ Allbirds, the sustainable shoe company, raised nearly $303 million after increasing the size of its IPO that also priced above its expected price range. Allbirds said late Tuesday that it sold about 20.2 million shares at $15 each, up from the 19.2 million shares at $12 to $14 each it had planned to offer. Morgan Stanley, JP Morgan, and BofA Securities are lead underwriters on the deal, a prospectus said.
Article excerpted from Yahoo.
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