Sneaker Maker Allbirds Valued Over $3 Billion in Strong Nasdaq Debut

Sneaker Maker Allbirds Valued Over $3 Billion in Strong Nasdaq Debut
The Allbirds flagship store sign is seen in Manhattan, New York, on Sept. 7, 2021. Shannon Stapleton/Reuters
|Updated:

Sneaker maker Allbirds Inc. fetched a valuation of $3.3 billion in its Nasdaq debut on Wednesday after its shares opened 41 percent above their offer price, joining a clutch of retailers that had strong market debuts in recent months.

Allbirds uses wool and other plant-based alternatives in its products.