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Can Allbirds Live Up to Its $1 Billion Valuation?

(Bloomberg) Allbirds Inc. has already beaten the odds in the startup world by raising a quarter of a billion dollars and turning earth-friendly wool sneakers into a legit product category. But the company behind Silicon Valley’s favorite footwear now faces another daunting challenge: impressing investors ahead of a potential initial public offering.That’s coming after its rising unicorn valuation cooled off last year. In September, Allbirds raised $100 million in a Series E round from large investment firms like Franklin Templeton and T. Rowe Price. According to researcher Pitchbook, the company’s value nudged down to an estimated $1.7 billion from $1.73 billion in January 2020. Allbirds confirmed those numbers, while declining to provide details on its financial performance or an IPO.Allbirds is part of the boom in direct-to-consumer brands that act as maker and retailer, avoiding the low margins of selling wholesale. Investors fell in love with the business mod ....

Joey Zwillinger , Initial Public Offering , Fall Birds , Franklin Templeton , Digital Marketing , Footwear Brands , The Company , Dan Levitan , ஜோவீ ஜுவில்லிங்கேர் , ஆரம்ப பொது பிரசாதம் , அனைத்தும் பறவைகள் , பிராங்க்ளின் கோயில் , டிஜிட்டல் சந்தைப்படுத்தல் , காலணி பிராண்டுகள் , தி நிறுவனம் ,