Allbirds co-founder: We want to be a brand that transcends over the next couple of decades

Allbirds $Allbirds(BIRD.US)$ co-founder and co-CEO Joey Zwillinger said on Yahoo Finance Live the next decade for the sneaker market will look different as upstarts with sustainability messages such as his company and rival ON wrestle share from beasts Nike $Nike(NKE.US)$ and Adidas $ADIDAS AG(ADDDF.US)$ .

"We're at an interesting juncture," Zwillinger explained on the outlook for retail following what looks to be a successful IPO for Allbirds on Wednesday.

The company sold 20 million shares on Tuesday for $15 a pop, assigning a value of $2.1 billion to the company. It had been marketing 19 million shares in a range of $12 to $14 during the roadshow process. The upside pricing reflects an enthusiastic response to the IPO, similar to that from ON in mid-September.

Allbirds shares exploded more than 60% to $24 out of the gate, trading at a market cap of about $4 billion.