Casper on Wednesday priced its IPO at $12 a share.
That’s at the low end of the range it had already lowered earlier in the day.
The price gives the company a market capitalization of around $490 million, or less than half the valuation venture investors gave it in its last private funding round a year ago.
The company is only the latest unicorn, or startup valued at $1 billion or more, to wither in the public market spotlight.
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Investors, it seems, weren’t super-thrilled about Casper.
The online mattress vendor on Wednesday priced its initial public offering at $12 a share, a source familiar with the deal told Business Insider. That was at the bottom of the pricing range it had already lowered earlier in the day. CNBC previously reported the pricing news.See the rest of the story at Business Insider
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