Casper shares pop as much as 32% in trading debut
Casper shares popped as much as 32% in its first hour of trading on the New York Stock Exchange.
The jump comes after the company slashed its initial offering price to $12, the bottom of its price range and down from an earlier range of $17 to $19. Casper's IPO has drawn scrutiny from investors in recent weeks who said the firm's billion-dollar private valuation reflected a tech-like premium that didn't align with the company's core business.Casper may be feeling like it left money on the table right now: Shares popped as much as 32% in its first-ever day of trading on the New York Stock Exchange.
The online mattress company made its initial public offering to investors at $12 a share Tuesday, the bottom of a $12 to $13 price range that Casper announced
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