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Eco-friendly sneaker maker Allbirds raises over $300 million in U.S. IPO -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A sign at the Allbirds flagship shop can be seen in Manhattan (New York City), U.S.A, September 7, 2021. REUTERS/Shannon Stapleton

(Reuters) – Allbirds Inc, an eco-friendly shoe manufacturer, announced Tuesday that it has raised over $300 million in New York’s initial public offering (IPO).

Franklin Templeton was the asset manager backing Allbirds. He said that Allbirds had priced its initial public offering of 20.2 million shares at $15 each.

The company’s shares are due to trade on the Nasdaq Select Market starting Nov. 3, under the ticker “BIRD”.

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