Etsy To Launch IPO Roadshow On April 1

(RTTNews) - Etsy Inc., an online marketplace for crafts and vintage goods, said Tuesday that it expects to launch the roadshow for the initial public offering of its common stock on April 1.

The offering is for 16,666,666 shares. Etsy is offering 13,333,333 shares and the selling stockholders are offering 3,333,333 shares. The selling stockholders have also granted the underwriters an option to purchase up to 2,499,999 additional shares.

The IPO is currently expected to be priced between $14.00 and $16.00 per share.

Etsy has applied 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 LLC is acting as co-manager.