Casper Sleep files to go public

FAN Editor

Samurai Messenger Service prepares to deliver a packaged mattress from the bed delivery company Casper in New York.

Yana Paskova | The Washington Post | Getty Images

Privately held mattress maker Casper Sleep on Friday filed for an initial public offering. 

It says it plans to list its common stock on the New York Stock Exchange under the ticker symbol “CSPR.” 

Casper said in its SEC filing that it incurred net losses in 2018 of $92.1 million and in 2017 of $73.4 million. 

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, which has been in business for five years and started as a company selling mattresses on the internet, says it was a “pioneer of the sleep economy.” 

The company has gone on to sell pillows, sheets, night lamps and other bedroom accessories. It also has opened its own bricks-and-mortar stores and today has 60 of them, and has wholesale partners including Target

Casper’s filing comes on the heels of a number of other e-commerce-focused businesses going public, including apparel retailer Revolve, the high-end secondhand marketplace The RealReal and online pet company Chewy

Read Casper’s full S-1 filing here. 

Casper was named No. 8 on CNBC’s Disruptor 50 list in 2019. 

This is breaking news. Please check back for updates. 

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