The public markets have been 'hot' this year, but Casper CEO Philip Krim isn't saying if his company is going to jump aboard.
The public markets have been"hot" this year, but Casper CEO Philip Krim isn't saying if his company is going to jump aboard.
Krim said"no comment" when asked about a Reuters report that Casper is seeking to hire underwriters for an initial public offering. Reuters cited people familiar with the matter. Casper — whose investors include actor Leonardo DiCaprio, rapper 50 Cent and retailer Target — recently announced it has raised $100 million in funding, bringing its value to $1.1 billion.
"The public markets have certainly been hot this year, for sure," said Krim."When I think about it for Casper, we are building a generational brand in business, and so we look at public markets as something that could be down the road for us. But right now we are focused on building the business, taking some great products to market."
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