CASPER STOCK JUMPS 25%, IPO VALUATION LESS THAN $500 MILLION

Highlights

• the stock increased by almost 25% in spite of the company pricing its IPO at the lowest
• it stated earlier that it would be reducing its stock price to $12

On Thursday, online mattress company Casper finally made its public market debut. With the stock increasing almost 25% in spite of the company pricing its IPO at the lowest end of its target range, at just $12 per sha....