New York Tech Revival Takes Hold as Etsy Plans $300M IPO

Etsy, Inc., is said to be mulling an IPO filing, which could happen before the end of Q115.

Bloomberg sees Etsy, which is a platform that allows for the sale of vintage and handmade goods, looking to raise around $300 million. It would be the biggest tech IPO to come out of New York since 1999.

Etsy is working with Goldman Sachs and Morgan Stanley on the offering.

The site was founded in 2005 and currently charges 20 cents per listing and 3.5 percent commission on each item sold. The company also generates revenue from advertising and procession. For 2013, Etsy posted $1.35 billion of gross merchandise sales.

Valuation on Etsy is over $1 billion at this point.

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