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Mattress seller Casper Sleep files for IPO

Online mattress seller Casper Sleep Inc. filed for an initial public offering Jan. 10.

The New York-based company plans to raise up to $100 million in the offering, according to paperwork it filed with the SEC. That figure is considered a placeholder, which is given in preliminary IPO filings and usually changes.

In the SEC filing, Casper reported that its net loss for 2018 was $92.1 million, down from a net loss of $73.4 million in 2017. The company's revenue in 2018 totaled $357.9 million, up from $250.9 million in 2017.

The company has applied to list common stock on the New York Stock Exchange under the symbol CSPR.

Casper plans to use the proceeds for working capital and for other general corporate purposes, including repaying debt.

The company's investors include Irving Investors LLC, KBW Ventures and retailer Target Corp.

Morgan Stanley & Co. LLC, Goldman Sachs & Co. LLC, Jefferies LLC, BofA Securities Inc., UBS Securities LLC, Citigroup Global Markets Inc., Piper Sandler & Co. and Guggenheim Securities LLC are acting as underwriters for the offering.