Etsy has filed for an IPO and the company is looking to raise $100 million and the company will trade under the symbol ETSY.
The company has seen its revenues increase over the last few years, in 2012 it had total revenue of $74.60 million, this then increased to $125 million in 2013 and to $195.59 million in 2014.
Etsy is not making a profit at the moment, although its losses are low compared to its turnover, with a loss of $796,000 in 2013 and a loss of $15.24 million in 2014.
The company also has healthy cash reserves with $88.84 million in the bank, this is up for $54.87 million in previous years.
Etsy users numbers have also been growing in the last few years, they now have 1.4 million active sellers on the site and 19.8 million active buyers.
Source TechCrunch, Techmeme
Filed Under: Technology News