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Nov. 3, 2021, 11:39 a.m. EDT

Allbirds shares soar out of the gate, running up 63% in trading debut

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By Tonya Garcia

Allbirds Inc. /zigman2/quotes/229904251/composite BIRD -2.82% stock skyrocketed in its trading debut, running up more than 63% out of the gate. The eco-friendly shoe company is trading on the Nasdaq under the ticker "BIRD." Shares priced at $15, above the expected range of $12 to $14. The stock's first trade was at $21.21 at 11:17 a.m. Eastern for 1.9 million shares, which valued the company at about $3.04 billion. The Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO -0.78% has gained 7% for the year to date while the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.10% is up 23.1% for the period.

/zigman2/quotes/229904251/composite
US : U.S.: Nasdaq
$ 13.44
-0.39 -2.82%
Volume: 1.14M
Jan. 20, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$2.11 billion
Rev. per Employee
N/A
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 46.86
-0.37 -0.78%
Volume: 153,847
Jan. 20, 2022 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,482.73
-50.03 -1.10%
Volume: 2.52B
Jan. 20, 2022 4:20p
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