The top execs at Etsy marked its first day as a public company in the most Etsy way possible: by ringing a set of "handmade and vintage bells." Etsy, a decade old online marketplace for handcrafted goods, began trading on the Nasdaq Thursday, opening at $31 per share, nearly doubling from its IPO price, suggesting much stronger-than-expected demand for the business. Kathleen Smith of Renaissance Capital says Etsy shares my not be for everybody. The Brooklyn-based company announced late Thursday that it had priced its IPO at $16 a share, at the high-end of its previously proposed price range, raising $267 million from the public offering and valuing the company at nearly $1.8 billion. . http://on.mash.to/1PSRJI1 http://bit.ly/1fJ5yqZ
Investors Bet on Etsy IPO
The top execs at Etsy marked its first day as a public company in the most Etsy way possible: by ringing a set of "handmade and vintage bells." Etsy, a decade old online marketplace for handcrafted goods, began trading on the Nasdaq Thursday, opening at $31 per share, nearly doubling from its IPO price, suggesting much stronger-than-expected demand for the business. Kathleen Smith of Renaissance Capital says Etsy shares my not be for everybody. The Brooklyn-based company announced late Thursday that it had priced its IPO at $16 a share, at the high-end of its previously proposed price range, raising $267 million from the public offering and valuing the company at nearly $1.8 billion. . http://on.mash.to/1PSRJI1 http://bit.ly/1fJ5yqZ
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment