United States

Investors fear $1 billion valuation could haunt Casper IPO

Philip Krim’s obsession with a $1 billion valuation for his fledgling mattress company may be about to backfire. The CEO and co-founder of mattress company Casper Sleep has held off selling the startup numerous times in recent years because he’s been waiting for a $1 billion price tag, sources told The Post. Just last year, the money-losing mattress peddler held sales talks with some traditional mattress companies, none of which went anywhere because of Krim’s valuation demands, sources said. see also Mattress giant Casper to go public despite spooky red ink Mattress startup Ca ...