(Bloomberg) — Bed-in-a-box seller Casper Sleep Inc., already worth less than half the valuation it reached as a private company, sunk below its initial public offering price on its second day of trading.Casper shares fell 18% Friday to $11.05 in New York trading, below the $12 offer price in its IPO this week. The New York-based company ended the week with a market valuation of $438 million after being being valued at $1.1 billion in a private funding round last year.Friday’s decline shows investors have grown skeptical of money-losing unicorns — startups whose private valuations reached $1 billion or more. …read more
Source:: Yahoo Finance
