CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
☰
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Open account
✖

Etsy enjoys shares surge on US market debut

Article By: ,  Financial Analyst
April 17, 2015 11:26 AM

Etsy has opened strongly on its US market debut with shares surging by 88 per cent.

It means that the arts and crafts marketplace is valued at almost $3.3 billion (£2.2 billion) and follows on from it shares sitting at $16 each on Wednesday (April 15th). This exceeded the company's expectation and was a result of a huge uptake in investor interest. Over $2 billion worth of goods was purchased by Etsy customers in the past year alone.

Despite this strong performance on its Nasdaq debut, Etsy has yet to make a profit and may never post one. The company explained that it has a commitment to social responsibility for its clients and customers and added that investors must be aware that the company is focused on more than just profits.

Writing in a blog post, Chad Dickerson, head of Etsy, said: "The investors we met on the roadshow understand that the key to Etsy's long-term success is building on and extending what has made Etsy successful to date: an inspired community of creative entrepreneurs.

"Buyers who want to buy unique merchandise that they can't find anywhere else, and a values-led community-based business that focuses on the long term."

Growing operations

The Brooklyn-based company has been steadily growing since first launched in 2005. In March 2015, it put forward proposals for an initial public offering valued at around $100 million which ultimately resulted in the major surge in investment from shareholders. It has increased substantially since 2010 and now boast 54 million members across the globe.

Etsy specialises in a wide range of goods from art and photography to jewellery, food, bath and beauty products.

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. CFD and Forex Trading are leveraged products and your capital is at risk. They may not be suitable for everyone. Please ensure you fully understand the risks involved by reading our full risk warning.

City Index is a trading name of StoneX Financial Ltd. Head and Registered Office: 1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET. StoneX Financial Ltd is a company registered in England and Wales, number: 05616586. Authorised and regulated by the Financial Conduct Authority. FCA Register Number: 446717.

City Index is a trademark of StoneX Financial Ltd.

The information on this website is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement.

© City Index 2024