Etsy prepares IPO

Etsy prepares IPO

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.

Questions or comments? Please feel free to contact the editors


Alibaba exceeds expectations

17/08/2017

Chinese Alibaba has trumped analysts’ turnover and profit expectations with its first quarter results. Its profit even doubled compared to the year before.

Aldi will home deliver in the United States

16/08/2017

German discounter Aldi is starting one-hour deliveries for online orders in the United States, using startup Instacart. Amazon’s reaction was swift: it will test lockers in which custumers can collect items two minutes after ordering them.

Yoox-Net-a-Porter thrives thanks to mobile surge

03/08/2017

Online retailer Yoox-Net-a-Porter has managed to beat analysts’ expectations in the past fiscal year, thanks to a surge in mobile sales. For the first time ever, these sales contributed more than half of the retailer’s total turnover.

Lidl constructs new distribution center in Venlo

01/08/2017

Lidl will open a new distribution center in Venlo, which will cater its web shop’s customer base. The distribution center is not a Lidl Netherlands project, but apparently an international project.

Amazon places own pick-up lockers at consumers' homes

31/07/2017

Amazon announced The Hub, a system of pick-up lockers that can be placed everywhere. They come in different sizes and can be placed both inside or outside of buildings.

Amazon's profit takes enormous hit

28/07/2017

American Amazon’s profit plummeted in the second quarter and is also lower than what analysts had predicted, despite a 25 % turnover increase.

Back to top