View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 16, 2015

Etsy IPO places $1.78bn value on company

The company to start trading under the symbol “ETSY”.

By CBR Staff Writer

Online crafts marketplace Etsy has priced its IPO at $16 per share, which could take its valuation up to $1.78 bn.

The New York based company, which focuses on handmade or vintage items, is offering 13.33 million shares, out of which its shareholders are to sell 3.33 million shares, reported Reuters.

The company had 19.8 million active buyers as of December 2014 and 1.4 million active sellers. It earns from advertising platform, payment processing and shipping labels.

Around 29 million items are listed on the website, and the company charges a 20-cent listing fee for each item, along with fees of 3.5%for each completed sale.

Etsy’s major investors included Accel Partners, Union Square Ventures, Index Ventures, and Tiger Global Management.

Initially in 2005, Etsy started as a website that sold wooden goods, but by 2015, it has become an online community for crafters and artists to come together and offer their products to customers.

During 2014, the company recorded revenues of 195.59m, a rise of 56.4% when compared to the revenue generated in 2013. However, the net loss also rose from $796,000 in 2013 to $15.24m in 2014.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape



Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.