News Formal

Here's why Casper's disappointing IPO could spell disaster for other unicorns - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Here's why Casper's disappointing IPO could spell disaster for other unicorns

on Thursday, rising as high as $15.85 a share, it sold off on Friday. By the close of trading, its stock was at $11.05 a share, putting its shares under their IPO price and giving the company a market capitalization of just $450 million.

"It's a healthy sign that people are skeptical," said Robert Hendershott, an associate finance professor at Santa Clara University's Leavey School of Business.Part of what likely hurt Casper's IPO is that it's losing money, the expert said. The company expects to post a loss of between $91 million and $96 million for 2019, it said in its public-offering paperwork.

Over the last year, public investors have become increasingly skeptical of more mature startups that are losing substantial amounts of money. WeWork, which was burning through billions of dollars, wasn't even able to go public. Uber, Lyft, and Slack all saw their stock fall well below their initial prices. Casper is only the latest to see its losses under the microscope.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The Chatbots in Insurance Playbook – Business Insider Intelligence - Business Insider[NEW REPORT] The Chatbots in Insurance Playbook: BIIntelligence uses a proprietary transformation maturity scale to allow firms measure the maturity of their chatbot deployments
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Why an emergency fund is so crucial for freelancers - Business InsiderEach time a payment fell through, the fact that I had an emergency fund saved to fall back on would at least soften the blow.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Guava Juice: Roi Fabito on his YouTube channel, merch, business - Business InsiderRoi Fabito started his YouTube career out of boredom in 2006. Today he has grown the Guava Juice empire into a lucrative business.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

YouTube's Dude Perfect business: TikTok, touring, and trick shots - Business InsiderDude Perfect member Coby Cotton shared how the group has stayed relevant throughout the years by switching up their style of content. CC PFTCommenter PardonMyTake not enough to live in NYC
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »