Today we filed a document known as a registration statement with the U.S. Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO). A copy of our announcement is below, but for context, here’s some more information:
The SEC is the government agency that oversees IPOs. SEC rules require a "quiet period" around IPOs, meaning we are limited in what we can say on the topic, even to Etsy employees and the Etsy community. Most of the time, we'll have to say "no comment" to your questions, and I understand that may not be satisfying.
I appreciate your patience with us during this process and we will share more information when we can.
Neither Etsy nor the underwriters have authorized anyone to provide you with information or make any representations about the matters discussed in this communication, other than those that will be contained in the prospectus that is part of the registration statement at the time that it becomes effective. They take no responsibility for, and can provide no assurance as to reliability of, any other information that others may give you.
***
Etsy Files Registration Statement for Proposed Initial Public Offering
Brooklyn, NY – March 4, 2015 – Etsy, Inc. ["Etsy”], an online and offline marketplace where people around the world connect to make, sell and buy unique goods, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Etsy intends to list its common stock on the NASDAQ Global Select Market under the ticker symbol "ETSY."
Goldman, Sachs & Co. and Morgan Stanley & Co. LLC are acting as joint book-running managers for the proposed offering. Allen & Company is acting as co-manager.
Etsy plans to reserve a portion of the shares to be sold in the offering through an IPO participation program for individual purchasers. The program will be administered by Morgan Stanley & Co. LLC. Go to http://etsyipo.morganstanley.com for more information.
The offering will be made only by means of a prospectus. When available, a copy of the preliminary prospectus related to the offering may be obtained from: Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: 1-866-471-2526, or via email: prospectus-ny@ny.email.gs.com; or Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, Second Floor, New York, New York 10014.
A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Etsy
Etsy is a marketplace where millions of people around the world connect, both online and offline, to make, sell and buy unique goods. The Etsy ecosystem includes entrepreneurs who sell on our platform, consumers looking to buy unique goods in our marketplace, manufacturers who help Etsy sellers grow their businesses and Etsy employees who maintain our platform.
Etsy was founded in 2005 and is headquartered in Brooklyn, New York.
