economy

April 4, 2026

Allbirds is selling for $39M. It raised nearly 10 times that amount in its IPO.

The collapse of the brand, which was originally venture-backed and that went public in 2021, has been well-documented.

Allbirds is selling for $39M. It raised nearly 10 times that amount in its IPO.

TL;DR

  • Allbirds is selling all assets and intellectual property to American Exchange Group for $39 million.
  • The sale price is about one-tenth of the $348 million raised in its 2021 IPO and a fraction of its former $4 billion valuation.
  • The deal requires shareholder approval and is expected to close in the second quarter.
  • Allbirds' decline is linked to aggressive expansion into physical retail and new product categories that didn't resonate with core customers.
  • American Exchange Group is a brand management firm that also owns Aerosoles and Jonathan Adler.

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