Casper Sleep, Retailer of Mattresses and Accessories, Files to Go Public

Casper Sleep, the mattress and accessories producer and retailer that calls itself “a pioneer of the sleep economy,” filed to go public.

A Securities and Exchange Commission filing by the New York company did not specify a number of shares or a proposed offering price. But it said that Casper, founded in 2014, plans to go public on the New York Stock Exchange under the symbol CSPR.

“We believe sleep is rapidly becoming the third pillar of wellness and is poised to undergo the same massive transformation that fitness and nutrition have as they became major consumer categories,” the company said in the filing.

Like many companies that have gone public recently, Casper touts its revenue growth rate. Its 2018 revenue, $357.9 million, was more than double its 2016 figure of $169.1 million.

For full year 2018, Casper reported a net loss of $8.91 a share, widened from $7.22 in 2017.

Casper, which Reuters reported counts the actor Leonardo DiCaprio and the rapper 50 Cent among its investors, operates 60 retail stores in the U.S. and Canada. 

Source link

Related posts

Leave a Comment