• David Perry

Report: Casper takes aim at IPO

NEW YORK – Fast-growing online mattress retailer Casper has raised $170 million and is planning an initial public offering at some point in the future, a media report says.

The New York Times said that Casper plans to announce as soon as today that it has raised $170 million, an investment led by Target, which has begun selling Casper mattresses, pillows and sheets in its stores and on its website.

The Times story said Casper is aiming for an initial public offering “down the road.”

The story quoted Casper CEO Philip Krim, who said the retailer more than doubled its sales last year to more than $200 million, “though he declined to discuss whether it is profitable.”

David PerryDavid Perry | Executive Editor, Furniture Today

Hi, online readers. I'm David Perry, executive editor of Furniture/Today, and the writer on the mattress beat. Get my musings on mattresses on our web site and on my Twitter feed. And let me know what you would like me to write about in the wonderful world of mattresses.

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