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Etsy IPO Info

Company Name: Etsy
Stock Symbol: ETSY
Exchange: NASDAQ
Status: Priced
IPO Date: 4/16/2015
IPO Price: 16.00 (-48.38%)
Underwriters
Goldman Sachs, Morgan Stanley, and Allen & Company

Amount of Offering: N/A
Number of Shares Offered: 16.667 Mil
Shares Outstanding After Offering: N/A
Valuation: N/A
Company Description
Etsy operates a marketplace where people around the world connect, both online and offline, to make, sell and buy unique goods. Handmade goods are the foundation of our marketplace. Whether crafted by an Etsy seller herself, with the assistance of her team or with an outside manufacturer in small batches, handmade goods spring from the imagination and creativity of an Etsy seller and embody authorship, responsibility and transparency. Etsy was founded in June 2005 in Brooklyn, New York as a marketplace for handmade goods and craft supplies. From those beginnings, they have built an innovative, technology-based platform that, as of December 31, 2014, connected 54.0 million members, including 1.4 million active sellers and 19.8 million active buyers, in nearly every country in the world. In 2014, Etsy sellers generated GMS of $1.93 billion, of which 36.1% came from purchases made on mobile devices and 30.9% came from an Etsy seller or an Etsy buyer outside of the United States.
Financial Data
In 2014, Etsy sellers generated GMS of $1.93 billion, up 43.3% over 2013. In 2014, they generated revenue of $195.6 million, up 56.4% over 2013. In 2014, they generated a net loss of $15.2 million and Adjusted EBITDA of $23.1 million compared to a net loss of $0.8 million and Adjusted EBITDA of $16.9 million in 2013.

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