Target-backed sleep product provider Casper has set a $100m placeholder target for its initial public offering, having been valued at $1.1bn early last year.
US-based mattress and bedding brand Casper Sleep filed on Friday to raise $100m in an initial public offering that would enable big-box retailer Target to exit.
Casper produces foam and hybrid foam-and-spring mattresses as well as pillows, duvets, sheets, dog beds and bedroom accessories like lamps, promising greater comfort for the price. It made a $67.4m net loss from $312m in revenue over the first nine months of 2019.
Morgan Stanley, Goldman Sachs, Jefferies, BofA Securities, UBS Securities, Citigroup…
