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Monday, January 27, 2020

Online mattress retailer Casper IPO to raise $182.4 million - CNBC

Source: Casper

Casper Sleep, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, said on Monday it aims to raise up to $182.4 million in its U.S. listing.

The company plans to sell 9.6 million shares, including the underwriters' option, at between $17-$19 per share. The top end of the range values the company at $768.2 million, below the $1.1 billion valuation that it achieved in March last year.

Casper's public debut comes as the company has been expanding into brick-and-mortar retail, transitioning from temporary to permanent stores.

The New York-based company's investors include retailer Target Corp and investment firms Lerer Hippeau Ventures, IVP and NEA.

Morgan Stanley, Goldman Sachs, and Jefferies are the lead underwriters on the IPO.

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January 27, 2020 at 06:49PM
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Online mattress retailer Casper IPO to raise $182.4 million - CNBC
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