Casper: IPO investors should have learnt from Eve
Private investors thought mattress company Casper was a unicorn – a start-up worth more than $1bn. Public investors don’t even think it is a third of one. After listing at $14.50 at the start of February, the shares have fallen sharply and at the time of writing the company has a market capitalisation of $312m. Those who invested in the private fundraising round which valued the company at $1.1bn have lost out, big time.
They could have learnt from investors in the UK who backed Eve Sleep, which listed in May 2017 at 100p per share, enjoyed a 9-month rise to 127p per share, before crashing down to just over 1p. It turns out mattress retailers shouldn’t be valued as innovative tech companies on either side of the Atlantic.
Previous article Next article
DON'T MISS OUT!
Get top investment ideas to help safeguard and grow your wealth.
Invaluable insight from the exciting world of smaller companies.
REGISTER FREE
More on Booking Holdings
When knocking the lights out isn’t enough
As results season draws to a close several of our high quality companies have delivered fabulous…
Constituents of our Ultimate Stocks Portfolio covered in our update here have been enjoying an eventful…
Private investors thought mattress company Casper was a unicorn – a start-up worth more than $1bn.…
Revolution from business’s old guard has been slow to catch on. For much of the last…
Ultimate Stocks: quality at a reasonable price
Casper: IPO investors should have learnt from Eve
How the old guard are fighting back
More Company Insights
When knocking the lights out isn’t enough
Ultimate Stocks: quality at a reasonable price
Great results to enjoy
Ultimate Stocks: up goes our portfolio
Casper: IPO investors should have learnt from Eve
How the old guard are fighting back
TripAdvisor’s well-travelled assets suggest long-term opportunity
More Company Insights
What’s the point!
Strong growth | Exceptional ambiguities | Dividend delights
Stonking Small Caps: new partnership
