Handmade crafts platform Etsy has filed for an initial public offering to raise up to $100 million.
Long rumbled to be contemplating an IPO, the company made it official Wednesday with a shelf registration filed with the Securities and Exchange Commission.
Brooklyn, N.Y.-based Etsy plans to list on the Nasdaq under the symbol “ETSY”.
For 2014, the filing said it posted revenues of $195.6 million. Gross merchandise sales on the marketplace platform totaled $1.93 billion.
The company ultimately could possibly raise more than the $100 million goal in Wednesday’s filing. That amount is often a place holder for the IPO and is used to calculate registration fee.
IPO research firm Renaissance Capital said late last year that it expected 2015 to be a strong year for IPOs. Last year was particularly active for the U.S. markets, which drew attention from the number of Web-based platform firms that went public. Those include Cnova, Jumei, JD.com and, of course, Alibaba.