February 6, 2020 / 4:09 PM / 15 days ago

Casper Sleep shares rise 21% in market debut

Feb 6 (Reuters) - Online mattress retailer Casper Sleep Inc’s shares jumped 21% in their debut on Thursday, after the company slashed its IPO valuation by more than half in less than a year.

The stock opened at $14.5, giving the company a valuation of $574.6 million. However, it is still a far cry from the $1.1 billion Casper had commanded in a private fundraising round last March. (Reporting by Bharath Manjesh in Bengaluru; Editing by Vinay Dwivedi)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below