Online arts & crafts marketplace Etsy reportedly plans to hold an initial public offering as soon as this quarter, according to Bloomberg. The company is working with Goldman Sachs and Morgan Stanley to raise about $US300 million from the IPO.
Based on company data charted for us by BI Intelligence, Etsy’s gross merchandise volume may have broken $US2 billion in 2014, and has grown fast over the last five to six years. Etsy’s revenue comes from the 20% fee it gets for each product listed, and it also takes a 3.5% cut of each sales transaction. The last major e-commerce company to go public was Alibaba, which raised $US25 billion during its record-breaking IPO in September.