Direct-to-Consumer Mattress Brand Casper Files for an IPO

Company was valued at $1.1 billion last year

Casper Sleep, the direct-to-consumer mattress brand known for its clever subway ads, filed preliminary paperwork with the U.S. Securities and Exchange Commission today to take the company public on the New York Stock Exchange under the ticker symbol CSPR.

The company, which first found itself at the center of IPO rumblings last spring, is credited with disrupting the mattress industry. Its bed-in-a-box model has set off an explosion of competitor brands such as Leesa, Walmart’s Allswell and Honest Elements, to name a few.

However,

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