Allbirds announces closing of initial public offering and full exercise of underwriters' option to purchase additional shares

San francisco, nov. 05, 2021 (globe newswire) -- allbirds, inc., a global lifestyle brand that innovates with naturally derived materials to make better footwear and apparel products in a better way, today announced the closing of its initial public offering of 23,221,152 shares of its class a common stock, including the full exercise of the underwriters' option to purchase an additional 3,028,845 shares of class a common stock, at a price to the public of $15.00 per share. allbirds sold 16,850,799 shares of class a common stock, and certain of allbirds' existing stockholders sold 6,370,353 shares of class a common stock. allbirds did not receive any proceeds from the sale of the shares by existing stockholders. the shares began trading on the nasdaq global select market on november 3, 2021 under the ticker symbol "bird."
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