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Oct. 21, 2019, 7:00 a.m. EDT

Casper Sleep working with bankers on IPO as early as this year

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By Tomi Kilgore

Casper Sleep Inc. is working with Morgan Stanley /zigman2/quotes/209104354/composite MS +1.49% and Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS +3.44% on an initial public offering, according to a Bloomberg report. The New York-based online mattress seller's IPO could occur by the end of this year, or in the first half of 2020, the Bloomberg report said, citing people with knowledge of he matter. Casper's valuation could exceed $1.1 billion, the report said. The company is reportedly working on going public at a time that the Renaissance IPO ETF /zigman2/quotes/207665280/composite IPO +0.41% has lost 13.6% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.91% has tacked on 0.3%.

Read the full story:
Dow’s rises toward record but gains capped by 100-point drag from Boeing’s stock

/zigman2/quotes/209104354/composite
US : U.S.: NYSE
$ 49.80
+0.73 +1.49%
Volume: 9.49M
Dec. 6, 2019 6:30p
P/E Ratio
10.63
Dividend Yield
2.81%
Market Cap
$80.61 billion
Rev. per Employee
$831,709
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/zigman2/quotes/209237603/composite
US : U.S.: NYSE
$ 224.61
+7.47 +3.44%
Volume: 4.23M
Dec. 6, 2019 6:30p
P/E Ratio
10.05
Dividend Yield
2.23%
Market Cap
$79.53 billion
Rev. per Employee
$1.34M
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/zigman2/quotes/207665280/composite
US : U.S.: NYSE Arca
$ 30.72
+0.13 +0.41%
Volume: 15,101
Dec. 6, 2019 8:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,145.91
+28.48 +0.91%
Volume: 1.70B
Dec. 6, 2019 5:07p
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