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Casper Sleep Priced, NYSE: CSPR

Direct-to-consumer mattress and bedding brand.

Industry: Consumer Discretionary

Latest Trade: $6.89 -0.33 (-4.6%)

First Day Return: +12.5%

Return from IPO: -39.8%

Industry: Consumer Discretionary

We believe sleep is poised to undergo the same massive transformation that fitness and nutrition have as they became major consumer categories. The business of sleep is growing and evolving into what we call the Sleep Economy. Our mission is to awaken the potential of a well-rested world, and we want Casper to become the top-of-mind brand for best-in-class products and experiences that improve how we sleep. We meet consumers wherever they are, online and in person, while reducing the hassles associated with traditional purchases. Currently, we distribute directly to customers in seven countries through our e-commerce platform, 60 Casper retail stores, and 18 retail partners. We are building a universal, enduring brand that is already embraced by over 1.4 million happy customers. Since the release of our first product, the award-winning mattress, we have expanded into pillows, sheets, duvets, bedroom furniture, sleep accessories, sleep technology, and sleep services. We design and engineer our products in-house, employing a team of data-driven researchers, designers, and engineers focused on building a better night's sleep through innovative new products such as our hyper-targeted Wave mattress and revolutionary Glow Light, named one of Time Magazine's Best Inventions of 2019.
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IPO News for Casper Sleep
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IPO Data
IPO File Date 01/10/2020
Offer Price $12.00
Price Range $12.00 - $13.00
Offer Shares (mm) 8.4
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/05/2020
Offer Price $12.00
Price Range $12.00 - $13.00
Offer Shares (mm) 8.4
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters New York, NY
Founded 2013
Employees 831
Website www.casper.com