New York News

Etsy Files $100 Million IPO

WAMC Northeast Public Radio | By Dave Lucas

Published March 5, 2015 at 4:44 PM EST

A decade after it was founded in a Brooklyn apartment as a way to sell handmade goods online, Etsy has filed for an IPO .

Founded in 2005, Etsy Inc. filed for an initial public offering March 4th, applying to trade on Nasdaq under the symbol “ETSY.”

Fortune.comsays the company could be valued in the public markets at $2 billion and said in filing Wednesday it hopes to raise $100 million in the offering, although that amount is likely a placeholder. Etsy has a brick-and-mortar facility in Columbia County, located at The Cannonball Factory on Columbia Street in Hudson.

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Dave Lucas

Dave Lucas is WAMC’s Capital Region Bureau Chief. Born and raised in Albany, he’s been involved in nearly every aspect of local radio since 1981. Before joining WAMC, Dave was a reporter and anchor at WGY in Schenectady. Prior to that he hosted talk shows on WYJB and WROW, including the 1999 series of overnight radio broadcasts tracking the JonBenet Ramsey murder case with a cast of callers and characters from all over the world via the internet. In 2012, Dave received a Communicator Award of Distinction for his WAMC news story "Fail: The NYS Flood Panel," which explores whether the damage from Hurricane Irene and Tropical Storm Lee could have been prevented or at least curbed. Dave began his radio career as a “morning personality” at WABY in Albany.

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