Allbirds Shoes
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  • Allbirds is reportedly interviewing banks as it prepares to go public on the New York stock Exchange.
  • The New York Times was first to report the news.
  • Allbirds – known for its low-key, comfy sneakers – has grown rapidly in the last five years.
  • See more stories on Insider's business page.

Sustainable sneaker brand Allbirds is making plans to go public, according to a New York Times DealBook report early Wednesday.

The company, which is famous for its unbranded, comfy shoes that have become a Silicon-Valley staple, has grown rapidly since it launched in 2016.

After raising $100 million in funding last September, the company was valued at more $1 billion.

Insider contacted a spokesperson from Allbirds for more details but did not immediately hear back.

Read the original article on Business Insider

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