Target-backed sleep product provider Casper has set a $100m placeholder target for its initial public offering, having been valued at $1.1bn early last year.

US-based mattress and bedding brand Casper Sleep filed on Friday to raise $100m in an initial public offering that would enable big-box retailer Target to exit. Casper produces foam and hybrid foam-and-spring mattresses as well as pillows, duvets, sheets, dog beds and bedroom accessories like lamps, promising greater comfort for the price. It made a…

The rest of this content is only accessible to Subscribers.

This content is only accessible to subscribers. If you are a subscriber, please sign in. Otherwise, if you would like to try before you buy and haven't previously taken out a free trial, you can do so below. You can also see details on subscriptions by clicking the Subscription Options button.