Cramer worries about Casper’s staggering losses in the ‘post-WeWork apocalypse’ IPO climate
CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock.
Shares opened at $14.50, an over 20% increase from its offering price.
“The losses here are staggering” for the business, Cramer said on “Squawk on the Street.”
Casper, which started out selling mattresses on the internet five…