The homemade and vintage goods marketplace, backed by investors including Hubert Burda, is likely to increase the IPO target of $100m as it gets closer to floating.
Etsy, the US-based e-commerce company specialising in vintage and homemade products that counts media company Hubert Burda among its shareholders, filed for a $100m initial on Nasdaq public offering yesterday.
Founded in 2005, Etsy provides an online platform enabling users to buy and sell clothes and other homemade goods from a network of sellers and home producers, though in a bid to boost revenues it has since relaxed rules that barred mass manufacturing techniques.
Reports in January suggested Etsy would…
