Etsy files for an IPO, looks to raise up to $100M


Ten-year-old artisanal e-commerce site Etsy just filed to go public, hoping to raise up to $100 million. Etsy chose the NASDAQ over the NYSE and landed its own name as its stock ticker — ETSY.

According to the filing, the company generated revenue of $195.6 million in 2014, which was 56 percent growth over its revenue in 2013 of $125.02 million. The company isn’t quite breaking even, though it’s come close in the past. Etsy lost $15.2 million in 2014, which was a larger loss than its net loss in 2013 of $0.8 million, and $2.36 million in 2012.

Etsy’s growth has been substantial over the years. In terms of the total amount of sales made through the site, Etsy hit $1.93 billion in 2014 (up 43.3 percent from 2013), and the company claims 54 million members, of which 1.4 million are active sellers and 19.8 million are active buyers.

View original post 301 mots de plus

Par défaut