• Triton

"Casper's IPO is a terrific outcome for everybody" - Rett Wallace

With Casper's IPO kicking off today, Triton's Rett Wallace appeared on Yahoo! Finance's On the Move livestream this morning to discuss the Company's discounted valuation relative to prior valuations received in private market fundraising. In discussing the deal, Wallace said "This is a terrific outcome. A company that makes neither a product nor a profit is successfully now a public company, brought public by Morgan Stanley on the New York Stock Exchange and is worth half a billion dollars. I would sign up to lose between $50 million and $100 million every year indefinitely, contractually, for a half billion dollar valuation to be a publicly traded stock. If you're an investor you have a long duration built in to your investment thesis anyways, so I see this as a huge win for everybody." Link to Yahoo! Finance appearance - HERE