Footwear unicorn Allbirds soared 64% in Nasdaq debut.
Allbirds, founded in 2015, is one of the growing number of direct-to-consumer (DTC) brands that hit unicorn status, with a $1 billion valuation in late 2018, just two years after its San Francisco launch. Since its founding in 2015, Allbirds has become popular among Silicon Valley residents.
Its most iconic product, the Wool Runner, which TIME Magazine named the "World's Most Comfortable Shoe," features a distinctly simple design showcasing its sustainably-sourced merino wool combined with our innovative SweetFoam sole, made with the world's first carbon-negative green ethylene-vinyl acetate, or EVA.