Allbirds's I.P.O. Filing Shows Losses but Grand Ambitions

Allbirds, the maker of wool sneakers, offered a long-awaited peek at its earnings when its filing for an initial public offering was made public on Tuesday, revealing strong digital sales in 2020 despite an annual loss.

The company, which was valued at around $1.7 billion in 2020, brought in about $219 million in revenue last year, with almost 90 percent of that coming from digital sales, according to the filing. But the company, which filed confidentially for an I.P.O. this summer, lost money for the past two years, and it expects losses to continue.

Allbirds, which is based in San Francisco and was founded in 2015, is often compared to other

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