Benzinga | Nov 3, 2021 09:12AM EDT

Allbirds Prices IPO At $15/Share Valuing Company At $2.1B

* Global lifestyle brand Allbirds Inc (NASDAQ:BIRD) has priced its initial public offering (IPO) of 20.2 million shares at $15.00 per share, above its expected price range of $12 to $14 per share.

* The startup's valuation is about $2.15 billion, based on the 143.12 million shares to be outstanding after this offering.

* About 16.35 million shares were sold by Allbirds, and 3.84 million shares were offered by certain existing stockholders.

* The underwriters have a 30-day option to buy up to an additional 0.5 million shares from Allbirds and up to an additional 2.5 million shares from certain existing stockholders.

* The shares are expected to begin trading on the Nasdaq Global Select Market on November 3, 2021, under the ticker symbol "BIRD."

* The offering is expected to close on November 5, 2021.