Casper Sleep falls another 1.9% to trade below $10, or 18% below IPO price [MarketWatch]
Casper Sleep Inc. (CSPR)
Company Research
Source: MarketWatch
Casper Sleep falls another 1.9% to trade below $10, or 18% below IPO price Casper Sleep Inc. CSPR, -2.35% saw its stock fall another 1.9% Tuesday to below $10, pushing it 18% below its initial public offering price of $12. The New York-based mattress and sleep accessories company went public last week and gained about 20% on its first day of trade after scaling back the price range hours before pricing. It has languished ever since in a sign that investors are still not fully embracing IPOs from loss-making former unicorns. The Renaissance IPO ETF IPO, +1.12% was up 1% Tuesday and have gained 24% in the last 12 months, matching the S&P 500's SPX, +0.39% gains.
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