casper stock — history and takeover

Casper Sleep (CSPR) — Stock

casper stock refers primarily to Casper Sleep, Inc. (historical ticker NYSE: CSPR), the direct-to-consumer mattress and sleep-products company that completed an IPO in 2020 and was later subject to a buyout and taken private. This article summarizes the company’s business model, public listing and IPO, stock performance and notable market events including the November 15, 2021 acquisition agreement, management and financial context around the transaction, legal and regulatory notes, delisting and current ownership status, and ways investors could historically gain exposure. A short disambiguation distinguishes casper stock from the unrelated Casper (CSPR) cryptocurrency token.

As of Jan 28, 2026, according to public reporting and the company’s SEC filings and press releases, Casper Sleep completed a transaction that removed it from public markets and the shares that once traded as casper stock are no longer listed on the NYSE.

Company overview

casper stock represented ownership in Casper Sleep, Inc., a consumer-focused company founded to sell mattresses and other sleep-related products direct to consumers. Key points about the company and its model:

• Founding and founders: Casper was founded in 2014 by Philip Krim, Neil Parikh, Luke Sherwin, Jeff Chapin and Gabriel Flateman with a mission to simplify mattress buying through direct-to-consumer distribution and brand-driven marketing.
• Business model: Casper built a DTC (direct-to-consumer) mattress-in-a-box business selling mattresses, pillows, bedding and related sleep products through its own website, third-party marketplaces, and a growing physical retail footprint (showrooms and pop-ups). The company used return policies, trial periods, and marketing to differentiate itself.
• Retail presence and partnerships: Over time Casper expanded beyond online-only to opened physical showrooms and entered wholesale and retail partnerships to broaden distribution.
• Notable backers: Early institutional and venture investors supported the company through its private rounds prior to the IPO.

These fundamentals underpinned investor interest during the IPO and initial public trading of casper stock.

Public listing and IPO

casper stock began trading publicly after Casper Sleep’s IPO in February 2020. Key facts:

• IPO price and date: The company priced its IPO at $12.00 per share in February 2020 and began trading on the NYSE under the ticker CSPR.
• Offering context: The IPO was part of a wave of consumer and DTC companies pursuing public listings around that time. Market interest was influenced by Casper’s brand recognition and rapid growth in the years leading up to its public debut.
• Early trading reception: Initial trading reflected investor assessment of growth prospects versus profitability and competitive pressures in the mattress/home goods category.

As with many consumer IPOs, casper stock’s post-IPO trajectory was shaped by both operational execution and broader market conditions.

Stock performance and notable market events (2020–2022)

casper stock experienced volatility after the IPO as the market digested company results, macro factors and sector dynamics. Highlights:

• Price range: After listing at $12.00, casper stock saw intra-year volatility with 52‑week highs near the IPO price level and lows dropping into single-digit territory during subsequent quarters as investors reacted to earnings, revenues and margin outlooks.
• Drivers of movement: Key drivers included quarterly revenue growth rates, widening or narrowing losses, supply-chain pressures and inflationary cost inputs, promotional activity, and the company’s investments in retail expansion.
• Market sentiment: The combination of slowing revenue growth in periods, persistent operating losses, and increasing cost pressures contributed to negative sentiment at times, while brand recognition and product innovation supported interest from certain investor segments.

2021 buyout announcement

On November 15, 2021, Casper Sleep announced that Durational Capital Management agreed to acquire the company for $6.90 per share in cash. Highlights of that development:

• Offer price and premium: The announced transaction price of $6.90 per share represented a large premium relative to the prior public closing price; reporting at the time noted the premium magnitude and market reaction. The bid price contrasted materially with the company’s IPO price of $12.00 in 2020.
• Reporting: As of Nov 15, 2021, according to company press releases and financial coverage, the acquisition agreement set the proposed path to take Casper private and remove casper stock from public markets.
• Market reaction and interpretation: Market commentary framed the proposed deal as an exit for public investors amid a challenging profitability outlook and a sign that private equity saw an opportunity to reposition the brand away from public-market pressures.

Board vote, shareholder approval and deal completion

The acquisition required board approval and customary shareholder approvals, as documented in the company’s SEC filings and related 8‑K disclosures. Key timeline notes:

• Vote and approvals: Casper’s board approved the transaction, and the parties expected a shareholder vote and regulatory steps to complete the acquisition. Several company filings detailed the deal terms, conditions and the parties’ obligations.
• Expected timeline: At announcement, the transaction was expected to close in early 2022 (the company reported an expected closing in Q1 2022). Subsequent filings and public reporting confirmed the transaction progressed to closing, and casper stock ceased public trading following completion and delisting.

Management changes around the transaction

Leadership and board composition shifted in the period around the acquisition announcement:

• Executive changes: Reporting during and after the transaction discussed changes in the executive team and board-level decisions that accompanied the buyout rationale. Longstanding executives, including founder-era leadership, saw transitions as the transaction advanced.
• Board rationale: The board cited strategic and financial considerations behind supporting the acquisition, including aligning with a private owner to pursue longer-term strategic changes without public-market reporting constraints.

All management changes and director actions were disclosed in SEC filings accompanying the acquisition and in company press releases.

Financial results and operating performance

Before the acquisition, Casper reported rising top-line sales in several periods but also recurring quarterly losses and pressured margins in the context of higher logistics and materials costs.

• Revenue and margins: The company historically reported growth in net revenues in years preceding the IPO and post-IPO quarters, though gross margins and operating margins were compressed by promotions, shipping costs, and investments in customer acquisition and retail.
• Profitability trend: Casper reported operating losses in numerous quarters prior to the buyout, a factor cited by analysts and the company when discussing strategic alternatives.
• Supply-chain impacts: Like many retail and consumer companies during 2020–2021, Casper noted supply-chain disruptions and cost inflation as pressures on near-term profitability in public disclosures.

For detailed quarter-by-quarter figures and definitive financial metrics, consult Casper Sleep’s SEC filings (S‑1, Forms 10‑Q/10‑K) and the company’s press releases, which provide audited and filed numbers and additional context.

Legal and regulatory matters

During its public-company period, Casper faced routine litigation and regulatory disclosures typical of public companies:

• Securities-related claims: Public reporting indicated that proposed class actions and securities-related suits were filed alleging various claims tied to disclosures and operating results; these matters were disclosed in company filings and news coverage.
• Regulatory filings: The acquisition process generated customary regulatory filings (8‑K, proxy statements and related documents) that described the deal, related-party considerations, and required approvals.

All material legal or regulatory items were disclosed in SEC filings. For specifics on any settlement amounts, claims, or regulatory findings, consult the relevant filings and press releases dated to the time of the event.

Delisting and current ownership status

• Taken private: Following shareholder approvals and closing mechanics, Casper was acquired by Durational Capital Management and taken private; casper stock shares were delisted from the NYSE and ceased regular public trading.
• Implications for retail investors: After delisting, retail investors could no longer buy or sell shares of casper stock on public exchanges. Shareholders who did not tender or who held residual interests were subject to the terms of the acquisition agreement and the related settlement/escrow processes described in the transaction documents.
• Current status (as of Jan 28, 2026): Casper operates as a privately held company under its new ownership. Public trading of casper stock is no longer available.

How investors could (historically) gain or now gain exposure

• Historical access: Prior to the buyout, casper stock was purchasable on the NYSE under the ticker CSPR through brokerage accounts offering U.S. equities.
• Current public exposure: Because Casper is private following the acquisition, casper stock cannot be purchased on public exchanges. Retail investors seeking related exposure must consider alternative strategies, such as:
  • Investing in public companies in the mattress, bedding or home furnishings space that remain listed.
  • Considering consumer retail ETFs or publicly traded retail peers to gain industry exposure (research required).
  • For professional or accredited investors, pursuing private markets or private-equity vehicles may provide indirect exposure; such avenues are typically limited to qualified investors and carry different risk, liquidity and disclosure characteristics.

Note: This overview is informational and not investment advice. Any investor considering exposure should perform independent due diligence and review current filings.

Reception, media coverage and legacy

Media and analyst coverage of casper stock across 2020–2022 emphasized several themes:

• IPO expectations vs. results: Coverage compared the company’s public performance to the strong brand story presented pre-IPO, noting differences between growth expectations and realized profitability.
• Exit framing: The buyout was widely reported as an exit event for an IPO-era company facing margin and growth headwinds; commentary framed the transaction as private capital positioning to restructure or refocus outside of public markets.
• Brand and cultural visibility: Casper maintained brand awareness through marketing, celebrity mentions and retail initiatives. Its role in popularizing the mattress-in-a-box DTC model remained an industry reference point even after delisting.

As of Jan 28, 2026, casper stock is historically notable as a consumer-brand IPO that later returned to private ownership via a buyout transaction.

Key dates and data (summary)

• Founding year: 2014 (founders include Philip Krim and co‑founders).
• IPO date and price: February 2020 IPO, priced at $12.00 per share (ticker CSPR).
• Notable price range: After IPO the stock traded with 52‑week highs near the IPO level (~$12) and experienced single-digit lows during later periods prior to the acquisition (reported ranges spanned highs near the IPO price and lower single-digit troughs depending on quarter and market conditions).
• Buyout announcement: November 15, 2021 — Durational Capital Management agreed to acquire Casper for $6.90 per share in cash.
• Implied equity value at offer: The $6.90 per-share proposal implied an approximate equity value in the low‑hundreds of millions of dollars (roughly $400 million, based on outstanding shares disclosed in acquisition filings), as reported in company documents and media coverage around the announcement.
• Delisting timeframe: The transaction was expected to close in early 2022 (Q1 2022) and casper stock was subsequently delisted following completion of the deal.

(As of Jan 28, 2026, these date and price facts are drawn from the company’s public filings and contemporaneous press coverage.)

Disambiguation — Casper (CSPR) cryptocurrency (short)

casper stock is distinct from the Casper blockchain token often quoted as CSPR. The Casper (CSPR) cryptocurrency is a Layer‑1 proof‑of‑stake blockchain token used within the Casper ecosystem and traded on crypto markets; it has separate price history, market cap, on‑chain metrics and use cases unrelated to Casper Sleep the mattress company. For token-specific information, consult up-to-date crypto market data sources and project documentation. When discussing casper stock in this article, references relate to Casper Sleep, Inc., the public-company equity that traded under ticker CSPR prior to being taken private.

See also

• Direct-to-consumer retail companies (industry peers and comparable business models)
• Mattress-in-a-box industry and home-furnishings retail
• Durational Capital Management (acquirer and private-equity sponsor)
• Casper (cryptocurrency) — separate token (CSPR)

References and further reading (selected sources)

• Company SEC filings and press releases (S‑1, Forms 8‑K documenting the acquisition, proxy statements and 10‑Q/10‑K reports) — cited in public reporting around the IPO and acquisition.
• Market coverage and reporting: MarketWatch, Nasdaq, TheStreet, WallStreetZen, Robinhood and Public platform summaries — contemporaneous articles and equity pages covered IPO details, trading performance and the acquisition announcement.
• Crypto reference (for disambiguation): CoinMarketCap and crypto market pages provide token-level data for Casper (CSPR).

As of Jan 28, 2026, the dates and facts in this article are consistent with the public disclosures and reporting sources above. For precise numerical tables, quarter-level financial statements, or full legal texts, consult the company’s SEC filings and definitive transaction documents.

Want to explore trading or token custody? Although casper stock is no longer publicly tradable, Bitget offers spot and derivatives markets for many crypto tokens and custody via Bitget Wallet. For those researching exposure to consumer or crypto sectors, consider Bitget’s educational resources and custody tools — and always verify instrument availability and suitability before acting.

Note: This article is informational and neutral. It does not constitute investment advice. All factual statements refer to public disclosures and media reporting as of Jan 28, 2026. Consult official filings for legally binding details.