• Vifaexpo nov2019

  • Proposte2020 InteriorsMonthly 1080x300

  • MODULEO 20191080x300px

  • Breasley sept2019

  • 2020 BGNFS Banner for Interiors

  • Intertextile

  • CIFF dec2019

  • Greenwood Retail December 2017
  • Fibreline encore july2019

  • 55S Banner 21
  • MIFF 2020 new

Casper slashes valuation ahead of flotation

Casper2Mattress in a box brand Casper has drastically cut its valuation ahead of its stock market flotation.

The company announced it would issue shares at US$12, rather than the US$17-US$19 range it had set out last week.

The new price would raise US$108m and value the company at US$512: well below the US£$1.1bn valuation it attempted to raise in a private fundraising last year.

In the first three quarters of 2019 Casper saw sales increase by a fifth to US$312m, but losses rose by 5% to US$67m.

The shares are expected to begin trading on the New York Stock Exchange today (Thursday) when the market opens.