Mar 29, 2021 - Economy

Allbirds takes another step toward the public markets

Man walking past Allbirds store wearing Allbirds shoes.

Photo: David Paul Morris/Bloomberg via Getty Images

Wool sneaker maker Allbirds is putting the pieces in place to go public, based on a new job posting for an "SEC reporting & technical accounting manager."

Breadcrumbs: Allbirds also has quietly hired Panera vet Mike Bufano as its new CFO, and added two independent directors.

  • A source suggests that the company is preparing to go public, but hasn't yet decided on a method or specific timing.

History: San Francisco-based Allbirds, which sells both direct-to-consumer and via its own retail stores, was valued at around $1.7 billion in its two most recent venture capital financing rounds.

The company declined comment.

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