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Jazling
2021-11-04

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Allbirds surges 90% on IPO day

Allbirds (BIRD), the sustainable footwear brand, surged 90% on its IPO day, closing at $28.64 per sh

Allbirds surges 90% on IPO day

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The stock had opened at $21.21 per share, well above its $15 initial public offering price.</p>\n<p>Allbirds calls itself a global lifestyle brand \"that innovates with naturally derived materials to make better footwear and apparel products in a better way.\" The San Francisco-based company says its footwear has a 30% lower carbon footprint than standard sneakers.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/260d091bbb013ff9d8f28515a7f54a95\" tg-width=\"705\" tg-height=\"470\" width=\"100%\" height=\"auto\"><span>People shop at Allbirds store, a maker of sustainable shoes, in lower Manhattan on August 31, 2021 in New York City. 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The stock had opened at $21.21 per share, well above its $15 initial public ...</p>\n\n<a href=\"https://finance.yahoo.com/news/allbirds-ipo-heres-how-shares-are-trading-152921103.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/allbirds-ipo-heres-how-shares-are-trading-152921103.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1193396656","content_text":"Allbirds (BIRD), the sustainable footwear brand, surged 90% on its IPO day, closing at $28.64 per share on Wednesday. The stock had opened at $21.21 per share, well above its $15 initial public offering price.\nAllbirds calls itself a global lifestyle brand \"that innovates with naturally derived materials to make better footwear and apparel products in a better way.\" The San Francisco-based company says its footwear has a 30% lower carbon footprint than standard sneakers.\nPeople shop at Allbirds store, a maker of sustainable shoes, in lower Manhattan on August 31, 2021 in New York City. (Photo by Spencer Platt/Getty Images)\nSince it was founded in 2015, the company has sold more than 8 million pairs of shoes to over 4 million customers globally, according to itsS-1 filing.\nAllbirds markets directly to consumers digitally and through the 27 physical stores it has as of June 30, 2021.\nLast year, 89% of sales came through the company's digital channels. Stores accounted for the other 11% of sales.\nThe company's net revenue grew from $126 million in 2018 to $219.3 million in 2020. 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Allbirds surges 90% on IPO day

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