Friday, February 7, 2020

Casper, the mattress startup, goes through with lackluster IPO

Boston Business Journal
Casper Sleep, a startup that sells mattresses online, became on Thursday the latest money-losing outfit to get a cold shoulder from Wall Street investors.

The company’s stock began trading on the New York Stock Exchange at $14.50 a share, slipped below $14 in the afternoon and closed at $13.50. The lackluster first day of trading did not come close to fulfilling what Casper’s venture-capital investors thought it was worth a few months ago.. . . more