Mattress Seller Casper to Test Sleepy IPO Market

Casper Sleep Inc. hopes it can wake the IPO market from its slumber.

On Friday, Casper became the first banner-name startup to file for an initial public offering in 2020, setting itself up as a potential bellwether for companies aiming to begin trading this year. But the mattress-in-a-box company’s filing also revealed heavy losses to go along with sharp revenue growth, a mix that has drawn ire from public investors recently.

Besides, who in their right mind buys a mattress scrunched up in a box?!? Idiots, that’s who! Hi ho!

You’ve got to be kidding me?!? Investors looking for a golden parachute to bail them out. Good luck with that! Fools!

Big moves from Big Mattress

Only spends $1.20 for every $1.00 of revenue. Excellent compared to Uber. Should be worth $10B.

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