So, Casper — CSPR NYSE — got public at a value that is a meaningful discount to the last venture money valuation. Still, they got public.
The IPO went through some birth canal stress, exiting as a skinnier version of its most recent $1.2B private value. It is currently showing a public market cap of $346MM. That is one Hell of a haircut.
“Could you nip it a little close on the sides, please? But, don’t amputate the ears?”