Allbirds IPO Raises $300M, Valuing Shoe Brand Near $3B as Shares Surge 60% on Nasdaq Debut

Allbirds, backed early by Maveron, debuted on the Nasdaq after raising $300 million in an IPO that valued the company at about $3 billion; shares jumped 60% on the first trading day. Maveron led a $7.25 million Series A in 2016 and its stake was worth roughly $400 million at the opening price, with the company reporting $219.3 million in 2020 revenue and over eight million pairs sold since launch.

DDan Levitan MMaveron