Etsy Raises $267 Million in U.S. IPO of Virtual Craft Fair

April 15, 2015 10:01 PM

64 0

Etsy Raises $267 Million in U.S. IPO of Virtual Craft Fair

Etsy Inc., the website founded a decade ago by a carpenter looking to sell wooden computers, is making its public debut as a $1.78 billion company.

A marketplace for handmade and vintage goods, Etsy raised $267 million in its initial public offering, according to a statement Wednesday. Brooklyn, New York-based Etsy and some of its backers sold 16.7 million shares for $16 apiece, after offering them for $14 to $16 each.

Read more

To category page

Loading...