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
Peer to peer online company valued at $4BEtsy, 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.
- 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.