Another 'Unicorn' IPO Implodes Spectacularly


Posted by Ed 9 days ago
AsiaXPAT (Hong Kong) - Anyone who is running a 'unicorn' business at a loss, should take heed of this latest news.   
Casper, a company sells mattresses (a high tech business!!!) that valued itself at over USD1,000,000,000 went public last week and has now had discovery applied to its valuation by the stock market.   
In just over a 3 days, the share price has collapsed 37% or a whopping 72% from its Pre-IPO valuation. 
Just because someone claims something is worth a billion dollars, does not make it so.
It's going to  get a whole lot harder for these money burning beasts to raise new money.
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