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Thursday, May 13, 2021

Casper prices its IPO at $12 a share, giving it a valuation of $490 million, confirming that it’s no longer a unicorn | Business Insider

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Casper revealed their market stock price last week to be $12 per share. This gives the company a market capitalization of $490 million, less than half of what investors believed the company to be worth. The last venture funding round that took place a year ago valued the startup company at $1.1 billion. Casper originally stated their IPO would go for between $17 and $19 a share, still only giving them a value of about $800 million. The mattress company had been regarded as one of about 400 unicorns, a private, venture-backed company that has an estimated value of $1 billion or more. Numerous other companies, such as Uber and Slack also saw a drop in stock prices after going public.

Source: https://www.businessinsider.com/casper-no-longer-unicorn-after-pricing-ipo-12-a-share-2020-2

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