Etsy bets big with $100 Million IPO Filing
It looks like our friends at Etsy are trying to go public. The DIY/ craft – oriented marketplace filed for an initial public offering on wednesday and have set a lofty target of $100 Million. Etsy has been proposed to trade on the Nasdaq under the ticker name ETSY.
An interesting analysis by the Wall Street Journal, outlines the fact that ETSY still is not profitable and is operating at a loss. Etsy lost $15.2 million last year alone. The main attraction behind the Etsy brand is their 1.4 million active users and almost 20 million shoppers!
Source: The Wall Street Journal