Overview
Casper Sleep (CSPR) is another technology startup that did not have a successful IPO in recent times. The timing was also unfortunate, considering the recent WeWork IPO saga, which would lead to more skepticism and scrutinization in future technology IPOs. Casper is now trading at merely $6.6 per share, down ~45% from its IPO price of $12 per share, following the impact from the COVID-19 outbreak that forced the company to furlough many of its retail staffs. Some of the negative sentiments have been on point, considering the company's unprofitable situation today. However, we