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Etsy Files for $100 Million IPO

Photo: Etsy
Photo: Etsy

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Etsy wants to go public. The crafty online marketplace filed for an initial public offering yesterday and has set a preliminary funding target of $100 million. Etsy will trade on the Nasdaq stock market with the ticker symbol ETSY. The company is still unprofitable, according to the Wall Street Journal, but it made $200 million in revenue last year in seller fees and commissions from sales. Etsy's losses last year were $15.2 million, up from $796,000 in 2013, The Verge reports. The ten-year-old company lists 1.4 million active sellers and 19.8 million buyers last year.