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Casper IPO reflects investor sentiment toward money-losing companies
Thursday, February 6, 2020, 8:18 AM
Mattress firm Casper priced its initial public stock offering at $12 a share on Wednesday-evening, a significant haircut to its prior price talk. The firm earlier announced it had cut the expected price range Wednesday morning from $17 to 19 a share to $12 to $13 a share in an offering of 8.4-million shares. Santosh Rao, who researches IPOs for Manhattan Venture Research, agrees.
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