Craft online marketplace Etsy valued at $4B

Global Business

The online marketplace for crafts called Etsy has gone public and gave its online sellers a chance to snap up 5 percent of the shares beforehand. CCTV’s Nick Harper reports from New York.

Peer to peer online company valued at $4B

Etsy, the online marketplace for vintage and handmade crafts has gone public and gave ts online sellers a chance to snap up 5 percent of the shares beforehand.

Highlights:

  • For one day only, some of Esty’s 1.4 million sellers took over Times Square, taking their online companies onto the streets.
  • This craft website has set aside 10% of its shares for small investors and 5% for its vendors.
  • The company’s revenue is growing, sales were up more than 56% last year.

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