Mattress maker Casper has filed to go public on the NYSE under the ticker “CSPR.”
It says it plans to list its common stock on the New York Stock Exchange under the ticker symbol "CSPR."Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York.Privately held mattress maker Casper Sleep on Friday filed the regulatory paperwork to take the company public on the New York Stock Exchange under the ticker symbol "CSPR.
Casper, which started out selling mattresses on the internet five years ago, said it lost $92.1 million in 2018 and $73.4 million in 2017, according to its stock registration statement with the Securities and Exchange Commission. It said it brought in net revenue of $357.9 million in 2018, of $250.9 million in 2017 and of $169.1 million in 2016.
Casper calls itself a "pioneer of the sleep economy" and values the global market at $432 billion. Casper's potential reach in North America and Europe targets a market valued at $67 billion of that, leaving it plenty of runway for growth, the company said. Casper operates in seven countries today and says it could grow to more than 20.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mattress Seller Casper to Test Sleepy IPO MarketThe company didn’t offer a size for the offering, but did give a placeholder amount of $100 million to calculate the size of its registration fee.
Read more »
Why it could actually be better to sleep than go to the gymThis may well be the best information you've ever read on the internet.
Read more »
A Healthy Gut Is the Secret to Better Sleep, Clear Skin, and Less StressHow to improve your gut health in 6 easy steps:
Read more »
This climate control mattress might be the key to a good night's sleepIn the midst of a tiredness epidemic, it could be the saviour we need
Read more »
Sleep Supplements for Sweeter DreamsSince your body repairs itself most efficiently at night, these capsules focus on cell renewal by including ceramides and ferulic acid to improve skin function while you're knocked out. Valerian root helps keep you asleep for longer, too. \r\n\u2022\u2022\u2022\r\nFor more stories like this, including celebrity news, beauty and fashion advice, savvy political commentary, and fascinating features, sign up for the Marie Claire newsletter.\r\nSUBSCRIBE HERE
Read more »