Casper’s Shrunken IPO Tests Appetite for Unprofitable Startups

Mattress retailer Casper Sleep Inc. cut the price range Wednesday for its initial public offering, shrinking its potential market value to well below the $1.1 billion valuation it hit in a private funding round less than a year ago. Bloomberg’s Liana Baker speaks with Romaine Bostick and Scarlet Fu on “Bloomberg Markets: The Close.”

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