Greycroft chairman emeritus Alan Patricof discusses the IPO class of 2020, including companies like Airbnb, and also remembers former NBA commissioner David Stern, who recently passed away.
(Reuters) – Casper Sleep Inc, the online mattress retailer whose investors include actor Leonardo DiCaprio and rapper 50 Cent, said on Monday it aims to raise up to $182.4 million in its U.S. listing.
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The company plans to sell 9.6 million shares, including the underwriters’ option, at between $17-$19 per share. The top end of the range values the company at $768.2 million, below the $1.1 billion valuation that it achieved in March last year.
Casper’s public debut comes as the company has been expanding into brick-and-mortar retail, transitioning from temporary to permanent stores.
Closeup bed Mattress
The New York-based company’s investors include retailer Target Corp and investment firms Lerer Hippeau Ventures, IVP and NEA.
SEC HAS ASKED CITADEL, GTS FOR INFORMATION ON IPOS: SOURCES
Morgan Stanley, Goldman Sachs and Jefferies are the lead underwriters on the IPO.
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(Reporting by Bharath Manjesh in Bengaluru)
