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.

During the health crisis, Allbirds has seen growing momentum for its products — including its iconic slip-on sneaker made out of wool and other sustainable materials. The brand started with a cult-like following in Silicon Valley that quickly spread to global recognition.

Source: CNBC


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