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Shoemaker Allbirds Reportedly Eyes Morgan Stanley For IPO

Shoemaker Allbirds has tapped banks including Morgan Stanley for its initial public offering, people with knowledge of the matter tell Bloomberg. “The direct-to-consumer shoe brand has confidentially submitted its listing documents to the U.S. Securities and Exchange Commission and is seeking to go public as soon as September,” according to the report, which claims the company is also working with JPMorgan Chase and Bank of America. The company is seeking to be valued at $2 billion or more in the listing.

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