Allbirds (NASDAQ:BIRD) is preparing for its upcoming initial public offering (IPO) and we’ve got all the details potential investors need to know.
First off is when will the Allbirds IPO take place. The company launched its roadshow for the IPO today. So while we don’t have a specific date for shares to start trading publicly, we know it can’t be too far off.
Next up let’s talk about what the company is offering in its IPO. Allbirds says it will be listing 19,230,768 shares in the offering. That includes 15,384,615 shares directly from it, as well as 3,846,153 shares from certain stockholders. There’s also a 30-day option for underwriters to acquire another 2,884,615 shares.
Now let’s talk about pricing. Allbirds is expecting its shares to list between $12 and $14 in the IPO. That means the company could raise between $219,230,760 and $255,769,220 from the IPO if underwriters fully exercise their options.
Speaking of underwriters, Morgan Stanley (NYSE:MS), J.P. Morgan (NYSE:JPM), and Bank of America (NYSE:BAC) Securities are serving as the lead book-running managers for the offering. Several others are acting as co-managers for the proposed offering.
The last bit of news about the Allbirds IPO today is that it will be listing its shares on the Nasdaq Global Select Market. This will have the company’s stock trading under the BIRD ticker.
Allbirds is a lifestyle brand based out of San Francisco. The company focuses on offering customers footwear and apparel with naturally derived materials to lessen its effect on the planet.
We’ve got more stock market news worth looking into below!
InvestorPlace is home to the latest stock coverage that traders need to know about today. A few examples of that include the Trump NFT news boosting Creatd (NASDAQ:CRTD) stock, what investors are saying about Meten Holding Group (NASDAQ:METX) today, as well as why Greenpro Capital (NASDAQ:GRNQ) is rising higher. You can learn all about these matters from the following links!
More Stock Market News for Monday
- Trump NFT Drop Gets Meme Stock Investors Jumping Into Creatd (CRTD)
- Meten Holding Group Buzz: What Penny Stock Investors Are Saying About Red-Hot METX Stock Today
- GRNQ Stock: 8 Things to Know About Greenpro Capital as Satellite News Sends It Into Orbit
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
