JM News UK

The company's offering of about 16.7 million shares raised about $267 million, after it was priced at the top end of the expected range of $14-$16. Brean Capital started with a "buy" rating, citing Etsy's "differentiated products" and popularity on social networks such as Facebook. Founded in 2005 by Robert Kalin, Etsy has grown from a website selling wooden goods to an online community offering handmade items. Etsy, which has 29 million items listed on its website, offers jewelry, stationery, clothing, crafts and home goods.