How Allbirds’ Valuation Went From $4.1 Billion to $39 Million
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Allbirds, a shoe company, has reportedly sold for $39 million, a significant decrease from its previous valuation of $4.1 billion. The company had raised nearly 10 times the sale amount in its initial public offering. The sale of its assets is to be made to American Exchange Group, although the extent of the company's dissolution is unclear.
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