Hand-made goods and electricity quotient platform Etsy submit Prospectus

Absrtact: March 5--The Etsy has submitted its IPO prospectus to the Securities and Exchange Commission (SEC). The 10-Year-old company, based in Brooklyn, New York, has a revenue of $195.6 million in 2014, compared with 1 in 2013.

March 5 Report

The Etsy has submitted its IPO prospectus to the Securities and Exchange Commission (SEC).

The 10-Year-old company, based in Brooklyn, New York, has a revenue of $195.6 million in 2014, up 56.4% from 2013 's 125.02 million.

Etsy CEO Chad Dickson (Chad Dickerson) had previously said the company had been profitable since 2009, but Etsy's net losses in 2014 and 2013 were $15.2 million and $800,000 respectively.

Etsy will be traded on NASDAQ and its stock code is Etsy. Etsy is expected to raise a maximum of $100 million trillion, but this is only a nominal figure. The company will raise up to 300 million dollars, according to a Bloomberg report.

After funding was completed in 2012, the Etsy valued more than $600 million trillion. Founded in 2005, the handmade goods and electronic business platform currently has 54 million members, including 1.4 million active sellers and 19.8 million active buyers.

Currently, Etsy employs 685 people. In 2014, more than 53% of Web site visits came from the mobile end, and its official download volume has been more than 21.8 million times.

About 55% of Etsy's revenue comes from a $0.2 service charge for four months for sellers to hang each item, and a 3.5% percentage charge on the total price of the goods sold. For sellers to provide promotional, delivery and other services revenue accounted for 42.1% of its revenue. The rest of the revenue comes from the cost of third-party payers ' feedback.

The underwriters of Etsy's IPO are Goldman Sachs, Morgan Stanley and Allen & Company LLC. The company's main investors, in addition to Accel, include union Square Ventures, Index Ventures and Tiger Global Fund Management.