Allbirds to go public, grow to “hundreds” of stores

Sustainable footwear brand Allbirds has filed plans to go public in an initial stock offering, after raising $100 million last year in a funding round that valued the company at $1.7 billion. Digital channels generated 89% of last year’s sales at Allbirds, which recently launched an active wear line and also plans to expand its brick-and-mortar presence to “hundreds” of stores. CNBC

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