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Etsy Files for IPO

Bloomberg business news

Etsy's Exponential Growth Explained in Five Numbers

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Etsy Inc., the global online marketplace for vintage and artisanal products, filed for an initial public offering that may end up being the largest for a New York-based technology company in 16 years.

The company disclosed its prospectus Wednesday with a $100 million placeholder, an amount used to calculate fees that will change. Etsy is seeking a share sale three times that size, people familiar with the matter said in January. Etsy plans to use the proceeds for general corporate purposes, including continued investments to expand the business, the regulatory filing shows.