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Mattress Seller Casper to Test Sleepy IPO Market

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Casper Sleep filed for an IPO and applied to list its common shares on the NYSE

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.

 

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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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