Etsy Seeks Up to $1.78 Billion Value as Artisan Site Readies IPO
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Etsy Inc. is seeking a valuation as high as $1.78 billion as the website for handmade and vintage goods hits the road to market its initial public offering.
The company and existing stockholders intend to sell 16.7 million shares for $14 to $16 apiece, according to a regulatory filing Tuesday. The high end of that range implies an IPO of $267 million and a valuation of $1.78 billion, based on about 111 million shares outstanding.