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PRPL - Purple Innovation Inc.: Upside Relative To The Casper Sleep Inc. IPO
Purple Innovation Inc.
Casper Sleep Inc. (CSPR), a manufacturer of mattresses and bedroom related products items, has filed to raise $186 million through an IPO according to an updated S-1/A registration filing. The offering of 9.6 million shares gives the firm a valuation of $768 at the top end of the pricing range between $17 and $19. What's interesting here is that Casper's valuation in terms of revenues is set to represent a premium compared to publicly traded Purple Innovation, Inc. (NYSE:PRPL). We highlight that PRPL has presented stronger growth and is already