Casper Sleep Inc. shares CSPR, +27.50% rose 20% in their trading debut Thursday, after underwriters priced the company's initial public offering at the low end of the range. The stock was last up about $3, or 25%. The New York-based company reduced its price range on Wednesday, just hours ahead of pricing, in a move that seemed to signal pushback from investors, who have been leery of loss-making companies that were highly valued in private markets. Casper sold 8.4 million shares to raise $101 million, at a valuation of just $468 million, well below the $741 million implied by its previous price range and the $1.1 billion garnered in its last private funding round.
https://news.google.com/__i/rss/rd/articles/CBMifmh0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9zdG9yeS9jYXNwZXItc2xlZXAtc3RvY2stanVtcHMtMjAtaW4tdHJhZGluZy1kZWJ1dC1hZnRlci1pcG8tcHJpY2VkLWF0LWxvdy1lbmQtb2YtcmFuZ2UtMjAyMC0wMi0wNtIBT2h0dHBzOi8vd3d3Lm1hcmtldHdhdGNoLmNvbS9hbXAvc3RvcnkvZ3VpZC9EOUUyNjIyQS1GQjQxLTRBODktOTkyOC0zMkI0Q0FCNTgzQzk?oc=5
2020-02-06 16:06:00Z
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