December 06, 2021

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Hits: 37

Allbirds

By Sophia Kunthara,

Direct-to-consumer shoe company Allbirds’ stock closed at $28.64 on Wednesday, nearly 91 percent above its IPO price.

The company raised around $303 million through its IPO after pricing its shares at $15 apiece. Allbirds set an IPO price range of between $12 and $14 per share, and the company’s stock opened Wednesday at $21.21, 41 percent above its IPO price.

As a private company, Allbirds raised more than $202 million from investors including Tiger Global Management and Lerer Hippeau. Most recently, it raised a $100 million Series E in September 2020.

Allbirds’ IPO comes as many other consumer-facing companies hit the public markets. Companies including eyeglass maker Warby...

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Markets
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Authored by Jack Phillips via The Epoch Times,

The owner of a New York City supermarket chain predicted the food prices will increase sharply in the coming months, with some increasing...

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Markets
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Authored by Charles Hugh Smith via OfTwoMinds blog,

Four monster waves are about to crash onto the Fed's beach party and sweep away the unwary revelers.

Hey, is the water in the bay receding...

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