Lincoln is an investor and content marketer. He has worked for financial advisors, institutional investors, and a publicly-traded fintech company. Lincoln holds degrees in Finance, Economics, and Accounting.
Casper is not publicly traded at this time. However, there are still ways for investors to gain indirect exposure to the stock and sector.
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Confused about how to buy Casper stock? I bet I know why.
The trendsetting bed-in-a-box company used to be public, but it’s not anymore. Is Casper going private? It already did. If you try to input the old Casper stock symbol (NYSE: CSPR) in your favorite trading platform, it’s no longer active — you can’t buy and sell shares.
But just because the company retreated from the stock exchange doesn’t mean you can’t pursue adjacent investment opportunities. Keep reading to learn about potential approaches for accredited investors and retail investors alike…
Casper: The Basics
Casper isn’t just a friendly ghost. It’s a mattress company backed by massive star power: investors include Leonardo DiCaprio, Ashton Kutcher, and Adam Levine.
The company was founded in 2014 by a dream team led by mattress industry vet Philip Krim that wanted to revolutionize the mattress industry. The idea?
Compress a high-quality mattress. Fit it into an easily shippable box that could be sent anywhere in North America. Let people try it for 100 days.
The concept worked. Here’s some interesting stuff to know about the company:
- In 2015, when Kylie Jenner posted an “unboxing” of a Casper mattress on Instagram, it got more than 870,000 likes.
- Beyond investor celebs, Casper also has several notable investors including Target (NYSE: TGT), Institutional Venture Partners, and New Enterprise Associates.
- In 2018, Casper partnered up with American Airlines (NASDAQ: AAL) to offer sleep essentials like pillows and blankets during flights.
- In 2020, Casper went public. Despite the initial $12 per share price, shares had dropped to the $4 range by the next month. Oof.
- In 2022, Casper was acquired by Durational Capital Management and delisted from the NYSE. DCM has a great track record with its current and past investments, which include fast-food chain Bojangles and Churchill Downs (NASDAQ: CHDN).
- The company currently operates 68 retail stores in the U.S.
Can You Buy Casper Stock? Is Casper Publicly Traded?
Is Casper still publicly traded? Nope. While Casper used to be a public company with a ticker symbol (NYSE: CSPR), it is no longer listed on the stock exchange.
However, just because the company’s off the stock exchange doesn’t mean there aren’t investment opportunities related to Casper.
In the following sections, we’ll explore:
- How to gain exposure to Casper as a retail investor
- Other ideas and avenues for investing…
How to Buy Casper as a Retail Investor
Sorry, but since Casper went private, you can’t buy Casper stock anymore. However, there are still ways to cuddle up with the company in less direct ways. Let’s get into it…
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Who Owns Casper?
Casper was founded in 2014. The company went public in 2020, but following its lackluster IPO, it was acquired by Durational Capital Management in 2022.
Durational Capital Management also owns fast food chain Bojangles — another company that was delisted after its acquisition.
Does Target Own Casper?
Nope. Retail giant Target (NYSE: TGT) doesn’t own Casper, but it did invest in the company in 2017 and 2019.
How to Invest in Casper Stock as a Retail Investor
If you can’t buy Casper stock … What can you do? Here are some other directions to consider:
Note: This article does not provide investment advice. The stocks listed should not be taken as recommendations. Your investments are solely your decisions.
Mattress Companies
Is Casper publicly traded? Not anymore, but plenty of other mattress companies are, including:
- Leggett and Platt (NYSE: LEG) — chart below
- Purple Innovation (NASDAQ: PRPL)
- Sleep Number (NASDAQ: SNBR)
- Tempur Sealy International (NYSE: TPX)
Casper Retailers
These companies retail Casper products, which may give you indirect exposure to the brand:
- Bed Bath and Beyond (NASDAQ: BBBY)
- Macy’s (NYSE: M)
- Target (NYSE: TGT)
How to Buy the Casper IPO
Since Casper already went public but then went private again, it’s unlikely that we’ll see an IPO soon. But never say never!
Here are the steps on how to buy Casper stock when it becomes available:
- Create or login to your brokerage account (if you don’t have one, we recommend eToro)
- Search for Casper
- Select how many shares you want to buy
- Place your order
- Monitor your trade
Casper Stock Price Chart
Whomp whomp. There’s no Casper stock price chart for you. However, there are some interesting mattress metrics to check out.
Below, you’ll see projections for the global mattress market into 2024 — in general, the outlook is optimistic.
Additionally, check out this chart. While many people were unwilling to buy mattresses online in 2016, they were much more willing to in 2020. Casper is unique in that it offers both options — it can adapt to changing consumer preferences.
Despite a not-so-stellar IPO and a retreat back into the private market, Casper has plenty of future potential.
FAQs:
How to buy Casper stock?
Casper used to be a public company, but it went private in 2022. If you’re a retail investor, you can’t buy stock shares.
How much is Casper stock?
Since Casper is currently a private company and no longer listed on the stock exchange, there is no Casper stock price to reference.
What is Casper stock symbol?
Casper used to be a public company listed under the New York Stock Exchange as NYSE: CSPR. However, in 2022 the company was delisted and is no longer publicly traded.
Who owns Casper stock?
Currently, Casper is owned and operated by Durational Capital Management. However, past investors included Target, Institutional Venture Partners and New Enterprise Associates, as well as celebrities like Leonardo DiCaprio and Ashton Kutcher.
Is Casper still publicly traded?
No. Casper was acquired by Durational Capital Management in 2022, and was delisted from the stock exchange.
Is Casper going private?
Casper is currently a private company. Casper was publicly traded between 2020 and early 2022. However, the company went private in 2022 after being acquired by Durational Capital Management.
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