(Reuters) – Eco-friendly sneaker maker Allbirds Inc said on Tuesday it raised more than $300 mln in its New York initial public offering (IPO).
Allbirds, backed by asset manager Franklin Templeton, said it priced its IPO of 20.2 mln shares at a price of $15 a piece.
Shares of the company are expected to begin trading on the Nasdaq Global Select Market on Nov. 3 under the ticker “BIRD”.
(Reporting by Aakriti Bhalla in Bengaluru; Editing by Sherry Jacob-Phillips)
