There were some rumors earlier this year that Etsy is planning to go public some time soon and the company has pretty much just confirmed that this is true by filling out the forms required to begin the process of going public. For those of you who aren’t aware, Etsy is an online marketplace for handmade products that has been surprisingly successful, perhaps successful enough to deserve the $100 million that the company hopes to raise once it goes public.
Word started going around back in January that Etsy, the online market for handmade goods, was planning to go public. Sure enough, they’ve just filed the forms to get the ball rolling. You can view Etsy’s just-filed S1 form here; we’re looking through it for more details now. Etsy’s revenue has ramped quickly, expanding from $74.60 million in 2012, to $125 million in 2013, to a 2014 tally that totaled $195.59 million. And unlike other recent technology offerings, Etsy’s losses have remained small. The company lost a slim $796,000 in 2013, and a still modest $15.24 million in 2014. Compared to its revenues, and its revenue growth, those figures are far within the boundaries of good taste. Etsy has sufficient cash to fund its operations for several years at current pace. The firm has a total of $88.84 million in cash and equivalents, up from $54.87 million the year prior. With adjusted profits, slim net losses, and quickly growing revenue, Etsy should be able to price competitively and still have a strong open. How the company prices itself could set the tone for IPOs for several months.
