Allbirds Stock Closes 91% Above IPO Price On First Day Of Trading
By Sophia Kunthara, Direct-to-consumer shoe company Allbirds’ stock closed at $28.64 on Wednesday, nearly 91 percent above its IPO price. The company raised around $303 million through its IPO after pricing its shares at $15 apiece. Allbirds set an IPO price range of between $12 and $14 per share, and the company’s stock opened Wednesday at[…]