The Traderszone Network

Published in TZ Latest News 4 March, 2015 by The TZ Newswire Staff

Handmade goods website operator Etsy files for IPO

Goldman Sachs & Co, Allen & Co LLC and Morgan Stanley are underwriting the IPO, Brooklyn, New York-based Etsy told the U.S Securities and Exchange Commission in a preliminary prospectus. The company said it intended to list on the Nasdaq Global Select Market under the symbol “ETSY”. Etsy, which was founded in 2005, employs 685 people and has 29 million items listed on its website. Etsy said it intended to raise up to $100 million from the IPO, but the filing did not reveal how many shares the company planned to sell or their expected price.