Make your money go further for just 25p per day

Casper: IPO investors should have learnt from Eve

19/02/2020 · Booking Holdings (BKNG)  · TripAdvisor (TRIP) 

IPOs UK US

Eve Sleep marketing material

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.

Casper isn’t the only unicorn to have disappointed at IPO in the last few months. Ride-hailing apps Uber (US: UBER) and Lyft…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

Have your say

Log in or register to view or add comments.

For access to the top news and insights from the investment world

REGISTER FREE

Become a Champion Investor for just £90 a year.
 
 

START FREE TRIAL

More on Booking Holdings

The essential, important and forgotten - reopening winners and losers

03/07/2020 · Company Insights

The excitement surrounding the reopening of certain parts of the economy tells us a lot about the state…


Ultimate Stocks: 3 hospitality companies with a coronavirus exit strategy

08/04/2020 · Portfolio

Since our initial assessment of the impact of the coronavirus on the 25 companies in our…


More on TripAdvisor

Casper: IPO investors should have learnt from Eve

19/02/2020 · Company Insights

Private investors thought mattress company Casper was a unicorn – a start-up worth more than $1bn.…


How the old guard are fighting back

27/01/2020 · Portfolio

Revolution from business’s old guard has been slow to catch on. For much of the last…


More Company Insights

Pressure Tech: hydrogen storage potential

Coronavirus impact: 13 July - first Boohoo, now Quiz, thank goodness for Novacyt

13/07/2020 · Novacyt SA · QUIZ PLC