world was that comfort equals ugly and that natural materials were more expensive, less durable or less capable of sending you to a personal best, or put another way, worse. We decided to make consumer products differently, harnessing nature to create products that customers like better.
“Likewise, we know a lot of investors want to make money while they create and reinforce positive impact by connecting capital to opportunity,” the founders said. “Our intention is to be a high-growth, profitable business that consistently delivers great outcomes for our stakeholders. We aspire to reward investors with eye-popping returns over the long term and we’ll work our tails off to do just that.
“Our commitment to tread lighter and have a large positive impact on all of our stakeholders requires financial discipline and a focus on profitable growth,” Allbirds said. “Our expectation is that the combination of our strategy and growth initiatives will result in both top-line expansion and operational leverage, leading to a strong margin profile and a robust bottom line.”
The company is asking to be listed on the Nasdaq under the stock ticker “BIRD.” The firm listed the size of Allbirds’ offering as $100 million, which serves as a placeholder that will change once terms of the share sale are set. Allbirds, which was founded in 2015, has sold more than 8 million pairs of shoes since its inception to more than 4 million people, the majority of them in the U.S.
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