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.
The Crossroads of Special Operations