Can Allbirds make a comeback with a new CEO and transformation plan?
Inside Retail
MARCH 14, 2024
Its valuation surged to over US$4 billion on its first day of trading in November 2021. Two-and-a-half years post-initial public offering (IPO), the company’s market capitalisation had diminished to about US$116 million in after-hours trading on March 12, and it had less than US$130 million in cash on its balance sheet.
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