Retail

Shoemaker Allbirds in talks with banks for IPO: Report

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A woman walks past an Allbirds store in the Georgetown neighborhood of Washington, D.C., on Tuesday, Feb. 16, 2021.

Al Drago | Bloomberg | Getty Images

The trendy shoe brand Allbirds is interviewing banks in preparation for an initial public offering, according to The New York Times DealBook.

The direct-to-consumer company was last valued at roughly $1.7 billion.

A representative from Allbirds did not immediately respond to CNBC’s request for comment.

It isn’t clear when Allbirds plans to go public, but an IPO would launch it into an already-hot market, fueled by a recent slew of tech IPOs. Consumer-facing brands such as Jessica Alba’s Honest Company are now readying a debut. The eyeglass…



Source cnbc.com

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