Etsy launched its much anticipated IPO on the NASDAQ today (Thursday, April 16th) under the symbol ETSY, and quickly became the hottest stock in town, more than doubling its value in early trading.
The Etsy IPO initial sale price was announced yesterday as $16/share, on the high end of the $10-$16/share that had been indicated in the company’s SEC registration for the offering. By market open this morning, the price had jumped to $31 per share. In early trading, the share climbed as high as $35.74 before settling at $30 to close the day. (At publication time, ETSY has dropped to $29.25 in after hours trading.) Continue Reading →