APRN - 3 Key Takeaways From Casper's IPO Filing
Casper Sleep is the latest direct-to-consumer retailer filing to go public. Its S-1 filing warmly welcomes readers to the "Sleep Economy" and dives into the various financials, risk factors, and growth outlook for the company.
While Casper and its bankers haven't set a date or price for the IPO, it raised $100 million at a valuation of about $1.1 billion in Series D round of funding led by Target (NYSE: TGT) in March 2019. (Target also bought shares in 2017's Series C funding round.) With 20% revenue growth through the first nine months of 2019 and the stock market trading at all-time highs, investors should expect Casper Sleep to seek an even greater valuation.
In the meantime, investors should consider the mattress company's potential for growth and whether that billion-dollar-plus valuation makes sense. Here are three key takeaways from Casper's IPO filing.