- 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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