is demand within the niche they operate in for unique handcraft

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trinkets jewelry Mont Saint Michel is magic. Everything about it is improbable: its location, its creation, and its longevity. How many feet have climbed its steps is hard to imagine. Shares of Etsy Inc, an online marketplace for handmade goods and crafts, more than doubled in their debut on Thursday, valuing the company at about US$4 billion.The company offering of about 16.7 million shares raised about US$267 million, after it was priced at the top end of the expected range of US$14 US$16.is demand within the niche they operate in for unique handcraft and vintage goods, Wedbush Securities analyst Gil Luria said pendant for necklace, starting coverage with a rating.Brean Capital started with a rating, citing Etsy 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’s IPO a direct challenge to Wall Street belief that making money trumps all elseHow indie marketplace Etsy’s runaway success has bruised its hipster credEtsy, which has 29 million items listed on its website, offers jewelry silver pendant, stationery, clothing, crafts and home goods.The company revenue comes from listing fees and commissions on sales and from its advertising platform, payment processing and shipping services.The global online retail market is expected to grow about 17 per cent to US$1.5 trillion between 2013 and 2018 heart key pendant, according to research firm Euromonitor.Etsy revenue rose 56 per cent to US$195.6 million in the year ended Dec. 31, while net loss widened to US$15.2 million from US$796,000.New York based Etsy sold 13.3 million shares, while stockholders including venture capital firms Accel Partners, Index Ventures, Union Square Ventures and Acton Capital sold the rest.Etsy is designated a corporation, which is an entity whose corporate goals include having a positive impact on society and the environment. The company has identified any loss of this status as a potential risk to its reputation.Some of Etsy sellers have expressed concerns the website will lose its popularity as a marketplace for unique items after the company went public.would hate to see Etsy turn into a Google shopping that is crowded with items from China, said Kimberly Fink, who sells gift items for cancer patients on Etsy website.Etsy shares were up 97 per cent at US$31.60. trinkets jewelry

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