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Business Wars Daily

Casper Files for IPO, Exposing Sagging Finances

Business Wars Daily

Audible

Business, Business News, News, Daily News

4.6717 Ratings

🗓️ 29 January 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Today is Wednesday, January 29, and we’re looking at Casper vs. Mattress Firm.

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Transcript

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0:00.0

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0:49.3

One, three.

1:08.7

The From Wondry, this is Business Wars Daily. I'm David Brown on this Wednesday, January 29th.

1:12.4

Casper, the direct-to-consumer mattress startup, is the latest unicorn, that is, a company valued it more than a billion dollars planning to go public.

1:18.7

The company filed papers with the SEC earlier this month, seeking a potential $100 million.

1:25.1

The ticker symbol they want, C-S-P-R.

1:28.3

Get it?

1:29.4

Can the company that popularize not just online mattresses but also the nap-mobile make it big on

1:35.6

Wall Street?

1:36.5

Well, the odds are about as good as an insomniacs are, getting a full night sleep, I suppose.

1:42.6

Casper could be in for a fall and not necessarily a soft, cushiony one either.

1:47.3

Its SEC filing opened with a glowing, optimistic narrative about the burgeoning sleep economy,

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