Etsy files $100 mn IPO 05/03/2015

Etsy files $100 mn IPO
05/03/2015 12:09
Etsy, Inc., an online and offline marketplace where people around the world connect to make, sell and buy unique goods, announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The company wants to raise USD 100 million and will list on the Nasdaq under the ticker symbol ETSY.
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the proposed offering. Allen & Company is acting as co-manager.
Etsy plans to reserve a portion of the shares to be sold in the offering through an IPO participation program for individual purchasers. The program will be administered by Morgan Stanley & Co. LLC.