Etsy start tomorrow PO roadshow highest market capitalization of $1 billion 770 million


technology – Beijing morning news on April 1st, American handcrafts electricity supplier Etsy announced on Tuesday that it will launch IPO on Wednesday (IPO) roadshow, plans to issue 16 million 600 thousand shares.

Etsy was founded in 2005, located in New York, Broolyn, has not yet achieved profitability. The company plans to issue a IPO price range of $14 to $16. In this range of on-line computing, Etsy valuation will be $1 billion 770 million.

Etsy plans to list on the NASDAQ Global Select market, code for ETSY". In the IPO, the company plans to retain 5% of the shares of Morgan Stanley operations in retail investors.

the IPO underwriters include Goldman Sachs, Morgan Stanley, and Allen & Co. Etsy IPO announced plans in early March.

2014, excluding shipping and returns, including the seller on the Etsy to achieve $1 billion 930 million in sales, an increase of 43.3% compared to 2013. Etsy total revenues of $195 million 600 thousand, an increase of 56.4% compared to 2013.

despite strong growth in revenue, but the net loss of Etsy last year reached $15 million 200 thousand, far higher than the $800 thousand in 2013.

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