Sustainable-sneaker maker Allbirds filed for an IPO using the ESG-focused route and said it aims to "reverse climate change" through better business.
The direct-to-consumer shoe brand has confidentially submitted its listing documents to the U.S. Securities and Exchange Commission and is seeking to go public as soon as September, the people said, asking not to be identified discussing private information.
The trendy shoe brand Allbirds is interviewing banks in preparation for an initial public offering, according to The New York Times DealBook. 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 company was last valued at roughly $1.7 billion.