Smartbird, Inc.

Smartbird, Inc. (BIRD) priced its initial public offering on Nov 4, 2021 at $15.00 per share, above its $12.00–$14.00 range, raising $302.9M, and listed on Nasdaq. At the IPO price its market capitalization was about $2.16B. Morgan Stanley was lead-left underwriter, joined by J.P. Morgan, BofA Securities and Baird and others. Cooley advised the company and Latham & Watkins advised the underwriters.

At its 2021 IPO, Allbirds, Inc. (now Smartbird, Inc.) was a global lifestyle brand, started in 2015, making footwear and apparel from naturally derived materials, and expanding from casual footwear into performance running shoes and apparel.

Status

IPO

Ticker

BIRD

Exchange

Nasdaq

Priced

Nov 4, 2021

IPO price

$15.00

Price range

$12.00–$14.00

Raised

$302.9M

Market cap at IPO price

$2.16B

First filed

Aug 31, 2021

Underwriters

Morgan Stanley, J.P. Morgan, BofA Securities, Baird, William Blair, Piper Sandler, TD Cowen, Guggenheim, KeyBanc, Stifel, Telsey and Drexel Hamilton

Company counsel

Cooley

Underwriters' counsel

Latham & Watkins

Sector

Technology

Country / state

CA

Market cap at IPO price = shares outstanding after the offering (all classes, before the over-allotment option) × the IPO price, from the final prospectus.