Footwear brand Allbirds has reported a 33% rise in revenue to $62.7 million compared to the third quarter of 2020 and an increase of 40% versus the third quarter of 2019.

In November, it floated on the stock market, hoping to raise money for a bricks-and-mortar expansion – its business model had initially focused on ecommerce. It received offering proceeds from its IPO of approximately $252.8 million, before deducting underwriting discounts and offering costs.

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