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Allbirds

Footwear/DTCUSA
🤝 Acquired
Peak $2.1 BillionToday
~-98%
from peak
  1. 🦄
    Became a unicorn
    2018
  2. 📈
    Peak valuation
    $2.1 Billion ’21
  3. 💔
    Became a Unitard
    2022
  4. 💸
    Last valuation
    ~$42M
Current status
IP/assets to American Exchange Group $39M (Mar 2026); winding down

How it happened

Allbirds was a direct-to-consumer footwear brand known for wool sneakers that reached a private valuation of about $1.7B before its 2021 IPO, which valued it around $2.1B. Slowing growth and persistent losses crushed the stock after listing, and by 2026 the company was winding down, selling its IP and assets to American Exchange Group for roughly $39M (~-98% from peak).

Source: MyTotalRetail/Yahoo Finance