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Sustainable-footwear maker Allbirds (BIRD) filed to go public through an initial public offering saying it hoped to help pioneer a framework that other ervironmentally and

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Sustainable-footwear maker Allbirds (BIRD) filed to go public through an initial public offering saying it hoped to help "pioneer a framework" that other ervironmentally and socially responsible companies can follow to make their Wall Street debuts. Founded in 2015. Albirds said it would tap the public mar kets through what it described a "sustainable public equity offering" as an environmental, social and governance, or ESG, company. Allbirds said it aimed to "reverse climate change" through better business by empowering people to male better, more conscious decisions for themselves as well as the planet. 'Designing and creating innovative, sustainoble materials is a challengirg process for both our internal Research \& Development teams as well as our supply chain partners: "the company said in its S-1 filing with the U.S. Securities and Exchange Commission. "We have imvested time and resources to train our manufacturers to use our natural materials, which we believe makes it difficuit to replicate our novel manufacturing processes at our product quality" For the first half of 2021 . Allbirds posted a net loss of $21.1 million, wider than the loss of $9.5 million in the year earlier period. Revenue reached $117.5 million, up 27% from $92.8 million. The company raised around $303 million through its IPO on November 3rd, 2021 after pricing its shares at $15 a share. Allbirds's stock opened Wednesday November 3 rd, 2021 at $21.21,41% above its iPO price. "Money is pouring into stocks that get good grades on issues like building a diverse workforce and reducing carbon emissions;" The Wall Street Journal reported in June 2021. Please answer the questions below after reading the text: 1-Give two examples of stakeholders based on what you read above. ( 10 points) 2. What's the role of the Securities and Exchange Commission in this process? ( 5 points) 3. How can you explain the fact that Albird's price after the initial allocation of shares to investors increased to $21.21 (10 points) 4. What type of capital allocation process this article highlights? Explain it. (10 points) 5. On which financial statement would you find the information on Ailbirds net loss of $21.1million ? (5 points) 6. How do you see the relationship between maximizing profit and sustainability in light of the saying below? "We have invested time and resources to train our manufacturers to use our natural materials, which we believe makes it difficult to replicate pur novel manufacturing processes at our product quality:" (10 points)

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