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Allbirds' $39 Million Sale: A Cautionary Tale for the IPO Class of 2021

5 days ago

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Allbirds is selling for $39 million. It raised nearly 10 times that amount in its IPO.

Allbirds agreed to sell all assets and IP to American Exchange Group for $39 million. This sale price is about one-tenth of the $348 million raised in its 2021 IPO.

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