United States

Low Casper valuation worries early investors

Casper’s celebrity investors may not be sleeping so well over the next several months. Wall Street’s orders for the fledgling mattress company’s planned stock debut have been soft, but good enough for the stock to price as soon as Tuesday night, sources told The Post. An IPO price at the low end of Casper’s target range of between $17 and $19 a share will give the mattress seller a valuation of around $750 million — greater than when celebs like Ashton Kutcher and Leonardo DiCaprio bought shares in early fundraising rounds. But — like all early Casper investors — Kutcher and DiCaprio will also be locked into the stock for at least six months at a time when money-losing IPOs have been getting hammered. And Casper is expe ...