As $1.78 billion will this be NYC (really Brooklyn's) largest VC backed tech IPO/.. Lets wait and see
The company says it will use the proceeds from the IPO "for working capital and general corporate purposes, including continued investments in the growth of the business." It also says that it will use $300,000 to partially fund the non-profit Etsy.org, which it launched earlier this year, and a portion to build-out its new headquarters. The decade-old, Brooklyn-based company generated $195.6 million in revenue in 2014, up 56.4% from $125.02 million in 2013, according to its S1. It's cash flow positive, but not yet profitable.