Sneaker manufacturer Allbirds files for IPO

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24 September 2021 à 16h18

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Publication: 24 September 2021 à 16h18

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24 September 2021 à 16h18

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Publication: 24 September 2021 à 16h18

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Allbirds (27 stores in late June 2021), plans to list on the Nasdaq. In 2020, the company raised US$100 million in Series E funding, valuing the firm at US$1.7 billion, said WWD.

Allbirds, which manufactures and distributes eco-friendly sneakers, runs stores in the U.S., Berlin and also in Shanghai. Last year, the company’s digital channel accounted for 89% of sales. Net revenue rose to $219 million in 2020 from $194 million in 2019, showing a 13 % increase. Business was driven by increases in

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