Online mattress startup Casper stock surged 25% after IPO, despite the disappointing price and low valuation by skleb1234
an IPO price range of $17 to $19, which would have given the company a valuation of around $760 million.implied by its latest round of private funding back in March 2019.
At least two dozen early investors in the company—including retailer Target, actor Leonardo DiCaprio and VC firm Lerer Hippeau, could allPitching itself as an emerging-growth company, Casper is banking on profiting from being a self-described “pioneer of the sleep economy,” which it estimates to be worth $432 billion globally and $80 billion in the U.S. In its filings, however, Casper revealed that it is yet to turn a profit—and likely won’t be able to do so anytime soon.
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Casper cuts expected IPO price range to $12-$13 a share from $17-$19 a shareCasper Sleep disclosed in a government filing that it would cut its initial public offering price to a range between $12 and $13 per share.
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Casper Sleep lowers IPO price range, implying valuation of just over $500 millionCasper Sleep Inc. lowered the price range for its planned initial public offering on Wednesday to $12 to $13 a share from a previous $17 to $19, a move that...
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Casper Sleep slashes the price range for its planned IPO - Business InsiderIt's a fraction of the $1.1 billion valuation private markets gave Casper in its last funding round.
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Casper Slashes IPO Price Range, Lowering Its Valuation To Around $500 MillionSeveral early investors stand to lose money after the mattress company lowered expectations around its IPO.
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Breakingviews TV: Casper IPO | Reuters VideoThe online mattress firm slashed its valuation by another 30% ahead of its stock-market debut. M&A options may get kicked out of bed, too, given regulatory scrutiny of the deal for shaving startup Harry’s. Jennifer Saba explains why this doesn’t bode well for investors.
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Casper IPO augurs restless nights for investorsThe online mattress firm now expects to be worth half its last funding round when it goes public. Casper also loses money in a commoditized industry, features IPO buyers have punished of late. With shaving startup Harry’s facing regulatory pushback, M&A offers no respite, either.
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