Allbirds, the eco-friendly shoe brand, is looking to raise $269 million in its IPO, offering 15.4 million shares at $12 to $14 each — with existing stakeholders selling another 3.85 million shares.

With that many outstanding shares, the company could reach a market value of more than $2 billion, up from the $1.7 billion valuation it received following a $100 million funding round in September 2020.

Despite a 27% increase in revenue to $118 million during the first six months of 2021, the filing comes during a turbulent period for Allbirds.

• For the six-month stretch that ended June 30, Allbirds reported a loss of $21 million, compared to $9.5 million during the same period a year prior.
• On Monday, it said it expects to record a net loss of between $15 million and $18 million in the third quarter.
• In August, the company estimated it would be unprofitable for the foreseeable future.

Allbirds still expects revenue to reach up to $62.5 million in the third quarter — compared to $47.2 million in Q3 2020 — due to higher sales in its brick-and-mortar stores. 

The company announced its own activewear line in August and is slated to sell a shoe in partnership with Adidas next year.

Allbirds hasn’t set an IPO date yet.

The Super League rose and fell in all of 48 hours last April, but its three holdouts are now threatening soccer’s major governing structures in Europe and the world. 

Real Madrid, Barcelona, and Juventus have filed a legal claim against UEFA and FIFA, alleging that the two organizations violate European competition law by acting both as regulators with sanctioning power and participants that profit from the contests they oversee.

FIFA earned $6.4 billion from 2017-2020, mostly from the World Cup year of 2018. UEFA took in $12.5 billion over that span.

• The Super League initially launched with 12 teams, but the other nine quickly dropped out in response to fierce backlash from fans and politicians. 
• Real Madrid, Barcelona, and Juventus had faced a potential two-year suspension from UEFA tournaments for their refusal to quit the Super League, but UEFA dropped its sanctions and fines after the three teams scored a victory in a Spanish court.
• A22, a Spain-based organization representing the clubs, wrote in the filing that it seeks to determine if UEFA and FIFA can “legitimately exclude competition in a market that represents 1% of GDP of the European Union.” 

The EU’s GDP was $15.2 trillion in 2020.

UEFA has support at the highest level: Sixteen European governments will intervene on its behalf in the court hearing, and the European Commission will contribute guidance on UEFA’s and FIFA’s compliance with EU competition rules.

FaZe Clan announced plans on Monday to go public through a merger with blank-check company B. Riley Principal 150 Merger Corp, valuing the combined entity at $1 billion.

As part of the deal — expected to close in Q1 2022 — the esports company is raising roughly $291 million, which includes $118 million through a private placement.

The deal would give FaZe the highest-ever valuation for an esports company. Last year, FaZe was ranked the fourth-most valuable esports company at $305 million, while TSM ranked No. 1 at $401 million.

Known for its esports teams, FaZe is also a platform that allows content creators and entertainment professionals to build their brands through partnerships and social media.

• In August, it announced a sponsorship deal with McDonald’s.
• The same month, it secured a strategic investment from Cox Enterprises.
• In September, it announced a partnership with DC Comics to collaborate on a limited-edition comic book.
• The company’s creators include NFL quarterback Kyler Murray, NBA guard Ben Simmons, and LeBron “Bronny” James Jr.

FaZe reaches more than 350 million people worldwide across its social media platforms. The company expects sales to hit $50 million in 2021, up from $40 million last year.

Despite the increase, FaZe does not expect to be profitable for a few years.