Casper announced plans to take the company public.
Shortly after the D2C mattress company released its S-1 the projected valuation dropped. And dropped again. With opening share prices at $12, the value of the the self-proclaimed “unicorn” was slashed to less than $500 million.
The investment community appears to be questioning the viability of a company that is projected to lose more than $90 and has limited hope for a profitable future.
They’ve also noted how Casper doesn’t produce its own products.
Dos Marcos break down the big news and talk about how, no matter what happens, Casper has permanently changed the mattress industry.
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