American online sales platform Etsy is apparently planning an IPO. Several sources have indicated it could even go public this quarter and the company is allegedly working with Goldman Sachs and Morgan Stanley to prepare everything.
300 million dollars
Etsy hopes its IPO will result in some 300 million dollars (255 million euro), which would make it the largest New York technological IPO since 1999. The city harbours several tech companies contemplating an IPO, but none of them have ventured onto the stock exchange so far.
The online marketplace, founded in Brooklyn in 2005, sells hand-made and vintage items. It charges customers 20 cents per item and a 3.5 % sales fee. At the moment, some 26 million items are on sale on Etsy.