Etsy files for an IPO with plans to raise up to $100 million

Etsy, the platform for buying and selling handmade goodies, is filing for an initial public offering (IPO), according to a blog post. The proposed offering is $100 million, according to the filing.

Reports that Etsywould be filing for an IPO first appeared in January, initially suggesting the company was looking to raise $300 million. The company reported $1.35 billion in gross sales on its marketplace in 2013.

Etsy intends to list on NASDAQ as – predictably – ETSY.

➤ Etsy Has Filed a Registration Statement for an IPO