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Allbirds’ Stock Nearly Doubles in Stock Debut

By
Malique Morris
· · Source: The Information

Allbirds stock nearly doubled in price on its first day as a public company, closing up 92% at $28.89, a sign of investor enthusiasm for the sneaker firm. The San Francisco-based company sold $303 million of shares at $15 a piece in the IPO, valuing the company at around $2.16 billion ahead of its debut. That was above the preliminary pricing range of $12 to $14. Allbirds also slightly...

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