Allbirds' Market Cap Plummets from $2.2 Billion IPO to $39 Million

Allbirds, once valued at over $4 billion on its first day of trading, has seen its market capitalization plummet from a $2.2 billion IPO to just $39 million, marking a significant decline.

31 Mar, 18:20 — 31 Mar, 18:20

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marketwatchMostly Factual6h ago

How Allbirds went from a $2.2 billion IPO to a $39 million flop

The company’s market cap reached a high of more than $4 billion on its first day of trading, but never again came close to that.

By Bill Peters

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Allbirds' Market Cap Plummets from $2.2 Billion IPO to $39 Million

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How Allbirds went from a $2.2 billion IPO to a $39 million flop

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