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MoonSwingr21
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. (Photo by Spencer Platt/Getty Images)</span></p>\n<p>Since 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.</p>\n<p>Allbirds markets directly to consumers digitally and through the 27 physical stores it has as of June 30, 2021.</p>\n<p>Last year, 89% of sales came through the company's digital channels. Stores accounted for the other 11% of sales.</p>\n<p>The company's net revenue grew from $126 million in 2018 to $219.3 million in 2020. It generated an adjusted EBITDA loss of $15.4 million in 2020, up from a loss of $1.3 million in 2019.</p>\n<p>Allbirds offered 20.2 million shares in its IPO, raising more than $300 million.</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Allbirds surges 90% on IPO day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAllbirds surges 90% on IPO day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-04 10:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/allbirds-ipo-heres-how-shares-are-trading-152921103.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</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":{"BIRD":"Allbirds, Inc."},"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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