# Professor Aswath Damodaran explains why he believes Casper's proposed valuation appears too rich for its business model

1 Faculty News February 3, 2020 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/articles/2020-02-03/casper-s-ipo-can-t-rest-on-a-growth-story-nyu-s-damodaran-says) -- "Bed-in-a-box peddler Casper Sleep Inc. is touting a rapid growth story ahead of its anticipated initial public offering on Feb. 5, but its proposed valuation appears too rich for its business model, says New York University’s [Aswath Damodaran](https://www.stern.nyu.edu/faculty/bio/aswath-damodaran)."

[Read More](https://www.bloomberg.com/news/articles/2020-02-03/casper-s-ipo-can-t-rest-on-a-growth-story-nyu-s-damodaran-says)