{"id":555923,"date":"2026-03-31T09:52:09","date_gmt":"2026-03-31T09:52:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/555923\/"},"modified":"2026-03-31T09:52:09","modified_gmt":"2026-03-31T09:52:09","slug":"allbirds-is-selling-for-39-million-it-raised-nearly-10-times-that-amount-in-its-ipo","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/555923\/","title":{"rendered":"Allbirds is selling for $39 million. It raised nearly 10 times that amount in its IPO."},"content":{"rendered":"

Allbirds, the wool sneaker brand that became a kind of unofficial uniform for the Silicon Valley set, has agreed to sell all of its assets and intellectual property to American Exchange Group for $39 million<\/a> \u2014 which is roughly one-tenth of the $348 million it raised in its 2021 IPO and a fraction of the more than $4 billion valuation<\/a> it briefly commanded on its first day of trading.<\/p>\n

The deal still needs shareholder approval and is expected to close in the second quarter, with proceeds distributed to stockholders sometime in the third quarter. Shares jumped 36% on the news in after-hours trading. The stock had closed Monday at $2.98, giving the company a market cap of $24.5 million \u2014 meaning the $39 million sale price actually represented a premium to where shares were already trading.<\/p>\n

The 11-year-old brand\u2019s fall has been well-documented. After going public, Allbirds expanded aggressively into physical retail and adjacent product categories \u2014 leggings, jackets, performance running shoes \u2014 that didn\u2019t connect with its core customers. Losses stacked up a a result; co-founder Tim Brown later admitted the rapid growth had cost the company \u201csome of our DNA.<\/a>\u201c<\/p>\n

American Exchange Group is a privately held, 18-year-old brand management firm and portfolio company that also owns Aerosoles and Jonathan Adler.<\/p>\n","protected":false},"excerpt":{"rendered":"Allbirds, the wool sneaker brand that became a kind of unofficial uniform for the Silicon Valley set, has…\n","protected":false},"author":2,"featured_media":555924,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27],"tags":[246965,246966,28],"class_list":{"0":"post-555923","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-allbirds","9":"tag-american-exchange-group","10":"tag-business"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/555923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=555923"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/555923\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/555924"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=555923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=555923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=555923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}