Allbirds is a New Zealand-American company founded in 2016, specializing in the production of woolen sneakers, which are gaining worldwide popularity. Their Wool Runner shoe is made of New Zealand's very fine Merino Wool.
In 2019, they already achieved sales of over USD 100 million and are now preparing for their IPO, with Morgan Stanley as their partner. The company is currently valued at two billion dollars so let’s see how entering the stock exchange will work out for them.
Computer chips and space
The company, known worldwide for its Nvidia graphics cards for PC gamers (and frequently bought by crypto miners), has submitted an offer to buy the British group Arm Ltd, which is engaged in the production of semiconductors. Currently, semiconductors are in acute shortage on the global market. The British government has given support to this trade.
Despite the current shortage of chips, there are two companies that are well stock up on them. These are the space company Blue Origin owned by Jeff Bezos, which plans to fly into space with a live crew on July 20. And also Virgin Galactic owned by Richard Branson which had a successful test flight on May 22.
The two companies focus on space tourism, while Elon's SpaceX focuses more on commercial flights.
It wouldn't be Investro Tea if we did not focus on cryptocurrencies, at least briefly. This time it will be neither Bitcoin, Ethereum, nor Dogecoin and we will not even mention Elon Musk. This time, it will be Segwit. You can read what Segwit means and what impact it will have on cryptocurrency markets and technologies here .
And the latest news today is that Mexican Billionaire Ricardo Salina Pliego has announced that his bank, Banco Azteca, will be the first in the country to start receiving BTC. On his Twitter, he recommended all investors to start reading up on cryptocurrencies. You can read more at the Wall Street Journal.