Casper, a mattress giant and one of the rare mattress manufacturers with press momentum and a rising popularity, is said to be transitioning from temporary to permanent official Casper stores.
As the business is expanding, Casper is more likely to launch their IPO in 2019, while Beyond Meat (BYND) performance with 163% gains on the first day may encourage another non-tech company to join the list of IPOs already in 2019.
Commenting on the drop of Lyft shares and not as successful Lyft IPO that went live back in April, the CEO of the company, Philip Krim, didn’t comment on the matter of Casper IPO.
Here is everything you need to know about Casper IPO while still in the beginning stage of IPO preparation.
As Philip Krim is refusing to comment on IPO date, or on Casper IPO plans at all, the only thing remaining is to guess that Casper shares could reach the market by the end of 2019.
IPO is a valid story for Casper since 2017 when the mattress company received a valuation of 920 million dollars based on the latest private funding round held at the time.
However, the company’s representatives are yet not discussing the share price or the date of their IPO.
IPO is yet to be officially confirmed, although Reuters reported back at the end of March and ahead of Lyft’s IPO debut, that Casper is hiring underwrites for their public offer.
For now, the company is focused on business growth, planning to open 200 new stores across the US and take their mattress business to a new level.
Additionally, Casper mattress company is planning global expansion, targeting Europe and Asia.
Before Reuters published that Casper will be hiring underwrites, the company announced receiving 100 million dollars in another private funding, which brought the overall estimates of the company to 1.1 billion dollars.