After 10 years in business, Etsy went public today, raising over $500 million and giving the company a value of more than $3.5 billion. The stock was priced at $16 a share but immediately jumped to $32 when it opened.
While it's not yet profitable, Etsy has seen its revenue surge over the last three years. The company has benefited from extraordinary network effects, word-of-mouth marketing, and customer loyalty that stems from its focus on empowering the creators of handmade goods.
via The Verge - All Posts http://ift.tt/1HbpTTj
No comments:
Post a Comment