Casper files to go public, shows you can lose money selling mattresses

E-commerce phenom and D2C bright light Casper has filed to go public. The New York-based company that raised nearly $340 million while private, according to Crunchbase data, expects to trade on the New York Stock Exchange under the ticker symbol “CSPR.” Its S-1 filing includes a $100 million placeholder figure for its possible capital raise. The company will need the money, as it loses money and burns cash. Let’s explore just how a mattress company does that. Learn more about your ad choices. Visit podcastchoices.com/adchoices