The bird share price is currently $0.60 per share. The company has a market capitalization of $24 million and an enterprise value of $32 million.
The bird share price is a hot topic on Wall Street these days. Some analysts are predicting that the price of birds will continue to rise, while others believe that the market is due for a correction. No matter what your opinion is, there is no doubt that the bird share price is something to watch closely in the coming months.
Bird Share Price Nyse
The shares of Birds Inc. (NYSE: BDR) soared on Tuesday after the company announced it had agreed to be acquired by Warner Music Group in a deal valued at $4 billion.
The deal, which is expected to close in the fourth quarter, will see Warner Music pay $11.72 per share in cash for each Bird share. That represents a premium of nearly 50% over Bird’s closing price on Monday of $7.87.
Bird shareholders will also be eligible to receive a special dividend of $0.22 per share that the company has declared as part of the acquisition agreement.
The news sent Bird shares soaring as high as $11.40 in early trading on Tuesday, giving the company a market value of around $3.6 billion. The stock was last up 42% at $11.19.
The deal comes just months after Bird went public through a reverse merger with blank-check firm Forum Merger II Corp (NASDAQ: FMI). At the time of its debut, Bird was one of the most highly anticipated IPOs in recent years given the success of other music streaming companies such as Spotify (NYSE: SPOT) and Pandora Media (NYSE: P).
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Is Bird a Good Stock to Buy?
When it comes to deciding whether or not to invest in a particular stock, there are many factors to consider. In the case of Bird, Inc. (BIRD), there are several things that make it a good stock to buy.
First and foremost, Bird is a leader in the electric scooter industry.
The company has been growing rapidly since its launch in 2017, and it currently operates in over 100 cities across the globe. This gives it a first-mover advantage in the space, and also gives it a large addressable market.
Another thing to like about Bird is its strong financial position.
The company is well-funded, with over $415 million in venture capital backing. It also has positive cash flow and is profitable on an adjusted EBITDA basis. This makes it one of the more financially stable companies in its industry.
Finally, Bird has partnerships with some of the biggest names in tech and transportation. These include major players like Uber, Lyft, and Ford Motor Company. These partnerships give Bird additional resources and exposure to new markets, which should help it continue to grow at a rapid pace going forward.
Overall,Bird looks like a good stock to buy for investors looking for growth potential.
How Many Shares of Allbirds are There?
As of September 2020, there are approximately 31.6 million shares of Allbirds stock outstanding. The company has a relatively small float of just over 10 million shares, meaning that the vast majority of its stock is held by insiders and long-term investors. Allbirds went public in May 2019 at a valuation of $2.1 billion, and its share price has since more than doubled to nearly $5 per share.
Is Bird Scooter Publicly Traded?
No, Bird is not publicly traded. The company was founded in 2017 and is based in Santa Monica, California. Bird has raised over $415 million in venture capital funding from investors such as Sequoia Capital, Accel Partners, and Craft Ventures.
How Can I Invest in All Birds?
There are a few ways to invest in all birds. One way is to purchase a mutual fund or ETF that invests in companies involved in the bird business. Another way is to buy stocks of companies that make products for birds or sell bird-related services.
Finally, you could also invest in real estate developments that cater to birdwatching or other bird-related activities.
Allbirds IPO (BIRD Stock): Good for the world, but what about your portfolio? Allbirds Stock Review
Conclusion
Bird share price is on the rise as the company continues to expand its operations globally. The stock has been on a tear since going public in June, and investors are betting that the ride is far from over. The company is now worth $2.8 billion after raising $275 million in new funding, led by Sequoia Capital.
Bird is now operational in more than 100 cities across the globe, and its scooters can be found on every continent except Antarctica. With this latest round of funding, Bird plans to continue its expansion into new markets and invest in research and development for new products. The company is also looking to build out its team of engineers and designers to support its growth.
