Etsy Planning IPO, Report Says

Crafts marketplace Etsy is going public and may launch an IPO this quarter, according to a report in Bloomberg.

The 10-year-old e-tailer has enlisted Goldman Sachs and Morgan Stanley to help with the offering, which aims to raise at least $300 million, said the story, which quoted “people familiar with the matter.”

The Brooklyn, N.Y.–based site says it has 43.9 million members with 1.2 million active shops. Gross sales in 2013 totaled $1.35 billion.

An Etsy spokesperson tells JCK: “We have no comment at this time.”

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JCK News Director