Let’s Get Crafty: Etsy IPO Is Here

By Rick Roman - 15 Apr 2015 1237 0 comment

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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Rick Roman

Rick has a B.S. in Finance from Arizona State University, 50 years of stock market experience, a long career in high-tech corporate finance, co-founder of GiveAshare.com, and author of the award-winning book, I'm A Shareholder available on Amazon and GiveAshare.com. Rick has been quoted as a stock gift and kids financial literacy expert in many publications including CNN Money, USA Today, CBS MarketWatch and has participated in financial literacy organizations like the Council for Economic Education and the JumpStart Coalition.