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Mattress Retailer Casper Files for IPO as Revenue, Loss Grow (1)

Jan. 10, 2020, 11:22 PM

Online mattress retailer Casper Sleep Inc. filed for a U.S. initial public offering, reporting growing revenue and losses amid heightened competition from imitators.

The New York-based company in a filing Friday with the U.S. Securities and Exchange Commission listed the size of its planned offering as $100 million, a placeholder that will likely change. The share sale is being led by Morgan Stanley, Goldman Sachs Group Inc. and Jefferies Financial Group Inc.

Casper, founded in 2014, became one of the leading brands in the so-called “bed-in-a-box” industry thanks to its pioneering status in the niche and savvy marketing. Since...

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