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Let’s Get Crafty: Etsy IPO Is Here

By Rick Roman - 15 Apr 2015 806 0 comment
Let’s Get Crafty: Etsy IPO Is Here

You can now buy one share of Etsy stock at GiveAshare.com in just two minutes! The company, an online marketplace for handmade products and craft supplies, is going public tomorrow at a price of $16 per share. The company is valued at $1.78 billion and raised $267 million in its initial public offering.

In 2014, Etsy’s revenue increased 56 percent to $196 million. Despite the drastic increase, the company still has yet to return a profit due to increased marketing expenses in recent years. Etsy CEO Chad Dickerson told shareholders in a letter that the company’s focus goes far beyond profitability.

“I believe that Etsy can be a public company that holistically integrates the concerns of people and the planet, the present and the future, profitability and accountability,” he wrote. 

The Etsy IPO is the largest ever of a certified B-Corporation, a company that meets stringent social and environmental standards.

The company will be listed on the Nasdaq under the ticker symbol “ETSY.”

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