Craft marketplace Etsy files for IPO

Etsy, an online marketplace that specializes in crafts and other artistic items, entered a filing with the U.S. Securities and Exchange Commission to go public.

In 2014, the 10-year-old company boosted revenue 56.4 percent to $195.6 million from $125.02 million in 2013, according to Business Insider. However, the Brooklyn-based company had a net loss of $15.2 million in 2014 and $800,000 in 2013.

It will be listed on the Nasdaq under the symbol ETSY and will seek a $100 million initial public offering.

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