According to a Bloomberg report, Etsy is gearing up for an IPO, which could hit the markets sometime during the current quarter. The company, which operates a site that allows people to sell their crafts, has retained Goldman Sachs (GS) and Morgan Stanley (MS) to lead the deal. However, an S-1 has yet to be filed. Source: Wikipedia
So, will an Etsy IPO be good for investors?
Well, let’s first get a little background on the company: Back in the summer of 2005, Rob Kalin looked across the web for a good online marketplace to sell his handmade wooden computers. The search was fruitless as nothing impressed him. So he started his own site and teamed up with some of his friends. After working tirelessly for a couple months from Rob’s Brooklyn apartment, they launched Etsy. Read