Casper Sleep stock jumps 20% in trading debut after IPO priced at low end of range - MarketWatch

Casper Sleep Inc. shares CSPR, +27.17% rose 20% in their trading debut Thursday, after underwriters priced the company's initial public offering at the low end of the range. The stock was last up about $3, or 25%. The New York-based company reduced its price range on Wednesday, just hours ahead of pricing, in a move that seemed to signal pushback from investors, who have been leery of loss-making companies that were highly valued in private markets. Casper sold 8.4 million shares to raise $101 million, at a valuation of just $468 million, well below the $741 million implied by its previous price range and the $1.1 billion garnered in its last private funding round.

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February 06, 2020 at 11:06PM
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Casper Sleep stock jumps 20% in trading debut after IPO priced at low end of range - MarketWatch
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