Casper Sleep Inc. is working with Morgan Stanley /zigman2/quotes/209104354/composite MS +0.38% and Goldman Sachs Group Inc. /zigman2/quotes/209237603/composite GS -0.09% 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 +1.44% has lost 13.6% over the past three months while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.45% has tacked on 0.3%.
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