Calvin Ong
voted
Hi, mooers! A rush of earnings sweeps through the market this week. Which company are you most optimistic about?
On Thursday, $Meta Platforms(META.US$, $Apple(AAPL.US$, and $Amazon(AMZN.US$ are releasing their quarterly earnings after bell. How will the market react to these companies' results? Let's make a guess!
An equal share of 3,000 points: For mooers who correctly guess the winner who makes the biggest gains in Frida...
On Thursday, $Meta Platforms(META.US$, $Apple(AAPL.US$, and $Amazon(AMZN.US$ are releasing their quarterly earnings after bell. How will the market react to these companies' results? Let's make a guess!
An equal share of 3,000 points: For mooers who correctly guess the winner who makes the biggest gains in Frida...
60
65
Calvin Ong
voted
Dear mooers, hello!
Moomoo Learn recently carried out a brief internal survey and found that numerous 'big players' have adeptly maneuvered through the ups and downs of bull and bear markets, securing positive returns on their stock investments this year.We can't wait to hear your story about investing stories as well. How is your account performed lately? Have you realized the financial goals you set a the be...
Moomoo Learn recently carried out a brief internal survey and found that numerous 'big players' have adeptly maneuvered through the ups and downs of bull and bear markets, securing positive returns on their stock investments this year.We can't wait to hear your story about investing stories as well. How is your account performed lately? Have you realized the financial goals you set a the be...
38
9
Calvin Ong
reacted to and commented on
Calvin Ong
commented on
Hey there, fellow mooers!
We've got some exciting news to share – our global family on moomoo is expanding with the addition of our new Malaysian friends! We know the importance of having a diverse community to share experiences and insights with, and we couldn't be more thrilled to welcome our new Malaysian friends to the moo community.
To show our love and support for our new members, let's all take a moment to share our moomoo experiences. Let's...
We've got some exciting news to share – our global family on moomoo is expanding with the addition of our new Malaysian friends! We know the importance of having a diverse community to share experiences and insights with, and we couldn't be more thrilled to welcome our new Malaysian friends to the moo community.
To show our love and support for our new members, let's all take a moment to share our moomoo experiences. Let's...
138
98
Calvin Ong
commented on
Calvin Ong
liked
$Ford Motor(F.US$ I will hold this stock I believe it will keep going up future is EV
5
3
Calvin Ong
liked
Calvin Ong
liked
$Allbirds(BIRD.US$ , a sustainable footwear brand sold direct to consumer, announced terms for its IPO on Monday.
This company said it would offer 19.2 million shares, priced between $12 and $14. At the high end of that range, the IPO would earn Allbirds as much as $269 million.
Allbirds has yet to give a date for its IPO. The company is expected to list on the Nasdaq exchange under the ticker symbol BIRD. Morgan Stanley, J.P. Morgan and BofA Securitiesacted as joint bookrunners on the deal.
Existing shareholders Franklin Templeton and TDM Growth Partners intend to purchase $70 million worth of shares in the offering.
Business overview
Allbirds, founded in 2015, is one of the growing number of direct-to-consumer (DTC) brands that hit unicorn status, with a $1 billion valuation in late 2018, just two years after its San Francisco launch. Franklin Templeton-backed Allbirds isvalues at $1.7 billion. Since its founding in 2015, Allbirds has become popular among Silicon Valley residents.
Its most iconic product, the Wool Runner, which TIME Magazine named the “World’s Most Comfortable Shoe,” features a distinctly simple design showcasing its sustainably-sourced merino wool combined with our innovative SweetFoam sole, made with the world’s first carbon-negative green ethylene-vinyl acetate, or EVA.
An average pair of Allbirds shoes carrying a carbon footprint that is approximately 30% less than our estimated carbon footprint for a standard pair of sneakers, due to the use of renewable, natural materials and responsible manufacturing.
The company has achieved its rapid growth through a digitally-led vertical retail distribution strategy. It markets directly to consumers via its localized multilingual digital platform and its physical footprint of 27 stores as of June 30, 2021.
In 2020, its digital channel represented 89% of the sales, while stores accounted for the other 11% of the sales. By serving consumers directly, it cuts out the layers of costs associated with traditional wholesalers, creating a more efficient cost structure and higher gross margin.
In its filing, Allbirds said that repeat customers accounted for 53% of its 2020 sales, up from 46% in 2019. The most active 25% of its U.S. customers won between 2016 and 2019 have spent $446 on Allbirds over the years.
Financial performance
The company achieved 13% year-over-year net revenue growth in 2020 to $219.3 million. It increased gross margin by 454 basis points from 46.9% in 2018 to 51.4% in 2020 due to favorable product and business mix.
Allbirds' revenue in the first half of 2021 rose 26.7% to $117.5 million. And the company's net loss more than doubled to $21.1 million.
Its Beneficial Owner includes Tiger Global, T. Rowe Price, Fidelity, Lerer Hippeau Ventures, etc.
Click here to view the prospectus
$T. Rowe Price(TROW.US$
This company said it would offer 19.2 million shares, priced between $12 and $14. At the high end of that range, the IPO would earn Allbirds as much as $269 million.
Allbirds has yet to give a date for its IPO. The company is expected to list on the Nasdaq exchange under the ticker symbol BIRD. Morgan Stanley, J.P. Morgan and BofA Securitiesacted as joint bookrunners on the deal.
Existing shareholders Franklin Templeton and TDM Growth Partners intend to purchase $70 million worth of shares in the offering.
Business overview
Allbirds, founded in 2015, is one of the growing number of direct-to-consumer (DTC) brands that hit unicorn status, with a $1 billion valuation in late 2018, just two years after its San Francisco launch. Franklin Templeton-backed Allbirds isvalues at $1.7 billion. Since its founding in 2015, Allbirds has become popular among Silicon Valley residents.
Its most iconic product, the Wool Runner, which TIME Magazine named the “World’s Most Comfortable Shoe,” features a distinctly simple design showcasing its sustainably-sourced merino wool combined with our innovative SweetFoam sole, made with the world’s first carbon-negative green ethylene-vinyl acetate, or EVA.
An average pair of Allbirds shoes carrying a carbon footprint that is approximately 30% less than our estimated carbon footprint for a standard pair of sneakers, due to the use of renewable, natural materials and responsible manufacturing.
The company has achieved its rapid growth through a digitally-led vertical retail distribution strategy. It markets directly to consumers via its localized multilingual digital platform and its physical footprint of 27 stores as of June 30, 2021.
In 2020, its digital channel represented 89% of the sales, while stores accounted for the other 11% of the sales. By serving consumers directly, it cuts out the layers of costs associated with traditional wholesalers, creating a more efficient cost structure and higher gross margin.
In its filing, Allbirds said that repeat customers accounted for 53% of its 2020 sales, up from 46% in 2019. The most active 25% of its U.S. customers won between 2016 and 2019 have spent $446 on Allbirds over the years.
Financial performance
The company achieved 13% year-over-year net revenue growth in 2020 to $219.3 million. It increased gross margin by 454 basis points from 46.9% in 2018 to 51.4% in 2020 due to favorable product and business mix.
Allbirds' revenue in the first half of 2021 rose 26.7% to $117.5 million. And the company's net loss more than doubled to $21.1 million.
Its Beneficial Owner includes Tiger Global, T. Rowe Price, Fidelity, Lerer Hippeau Ventures, etc.
Click here to view the prospectus
$T. Rowe Price(TROW.US$
+3
9
1
Calvin Ong
liked
$Sea(SE.US$
just brought this stock from a fresh investor. I see potential in this stock.
just brought this stock from a fresh investor. I see potential in this stock.
2
3