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Allbirds Agrees to $39 Million Sale in a Sharp Repricing of a Once-Hyped Brand
Allbirds has agreed to sell its assets and intellectual property for $39 million, a fraction of the valuation and capital it commanded during its public-market peak.
Key Takeaways
- Allbirds agreed to sell its assets and IP for $39 million.
- The company raised about $348 million in its 2021 IPO and once topped a $4 billion valuation.
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DT Editorial AI··via techcrunch.com