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Casper Mattress IPO prices shares at $12 losing it’s ‘Unicorn’ status

A ‘Unicorn’ in is a company that gets a billion dollar valuation. Mattress startup, Casper, was once considered a Unicorn. Well, they announced their IPO price and valuation at of $490 million, less than half of what a Unicorn is valued at.

At this new valuation, Casper will raise about $115.2 million, about $60 million less than originally expected. Casper has yet to make a profit in the every competitive online mattress space.

 

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Ruben Jay
Ruben Jay
Ruben Jay is an American broadcaster, media blogger, and podcast host. Currently, Ruben is the President of MultiMediaMouth.com and the executive producer and host of the popular podcasts You’re My Best Friend and ON AIR with Ruben Jay, exclusively on MultiMediaMouth.com. Follow Ruben on Instagram, Twitter, and Tiktok @TheRubenJay.

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