Casper Sleep lowers IPO price range, implying valuation of just over $500 million

Casper Sleep lowers IPO price range

Casper Sleep Inc. CSPR, +0.00% lowered the price range for its planned initial public offering on Wednesday to $12 to $13 a share from a previous $17 to $19, a move that reduces its valuation to just over $500 million. The company is planning to offer 8.4 million shares to raise $109.2 million at the top of the range.

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