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Jim Cramer What to Watch on Casper's First Day of Trading

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Casper has officially become a public company under the ticker CSPR at the New York Stock Exchange

The company opened for trading around $14.50.

Casper priced at the low end of the range, at $12 a share, Wednesday night.

The company had lowered its price range to $12 to $13 from $17 to $19 in an SEC filing earlier this week.

As it prepared to enter the public markets, Casper, which had been thought of as a unicorn (meaning it had a billion-dollar valuation), lowered its valuation to half that, to $500 million.

When asked whether or not Casper might have a similar first trading day to Uber  (UBER) - Get Free Report or Lyft  (LYFT) - Get Free Report, Cramer noted that both Uber and Lyft were priced in pretty aggressively because "that was a different time."

Watch the full video above for more.

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