The middle class is changing its approach to buying jewelry and affordable luxury goods, the NRF said.
Etsy moves to become a public company
The online marketplace filed a registration statement with the SEC Wednesday relating to a proposed initial public offering of its common stock on NASDAQ under the ticker symbol “ETSY.”
Brooklyn, N.Y.--Online marketplace Etsy has taken its first step toward going public, though the number of shares to be offered and the price range for the proposed offering have not yet been determined.
The company filed a registration statement with the U.S. Securities and Exchange Commission on Wednesday, relating to a proposed initial public offering of its common stock on NASDAQ under the ticker symbol “ETSY.”
Etsy said it plans to reserve a portion of the shares to be sold in the offering through an IPO participation program for individual purchasers. The program will be administered by Morgan Stanley, which also is acting as joint book-running manager for the proposed offering along with Goldman, Sachs & Co.
Allen & Company is acting as co-manager.
According to its Form S-1 filing, Etsy generated revenue of $195.6 million in 2014, 56 percent more than the $125 million it made in 2013.
Etsy is seeking to go public with a single class of stock, according to Forbes, meaning management won’t be insulated from hedge fund investors of interested corporate buyers. The company also is looking to be the first publicly traded B-Corporation, meaning they have been certified by nonprofit B-Lab for social and environmental performance.
Etsy, which touts itself as a peer-to-peer e-commerce website focused on handmade and vintage items and supplies as well as unique factory-manufactured items, sells a range of products that includes fine jewelry.
The offering will be made only by means of a prospectus, Etsy said, and a preliminary copy may be obtained from Goldman, Sachs & Co. by contacting 1-866-471-2526 or prospectus-ny@ny.email.gs.com.
The Latest

The reseller’s market trends report, based on its sales data, also shows exactly how much Rolex prices have jumped since 2010.

The auction house will be hosting a retrospective paying tribute to jeweler Jean Dinh Van and his company’s 60th anniversary.

The Seymour & Evelyn Holtzman Bench Scholarship from Jewelers of America returns for a second year.

Jake Duneier and Danielle Duneier-Goldberg have stepped into the roles of CEO and president, respectively.


The “Impermanence” collection contemplates nature through the Japanese art of Ikebana (flower arranging) and philosophy of wabi-sabi.

The Texas-based jewelry retailer has set up shop in Tennessee and Arizona.

The countdown is on for the JCK Las Vegas Show and JA is pulling out all the stops.

Eric Ford will step into the role, bringing with him decades of experience.

In addition to improved capabilities, the acquisition will allow the jeweler to offer support to other independent jewelers.

The “Celestial Blue” capsule collection campaign features Olympian Kateryna Sadurska.

The seasonal store, located in Mykonos, Greece, offers exclusive events, personal styling, and curated experiences.

The New England jeweler is hosting a bridal event for the month of August.

The trade-only event will host its debut fair in the Emerald City later this month.

Its sessions will focus on inventory strategies, staff performance, retention and acquisition, emerging market trends, and more.

For its 10th anniversary, Miseno designed the “Arco” earrings based on the Arco Felice, an arch conceptualized in A.D. 95 in Miseno, Italy.

The jewelry company is one of several contributing to relief efforts in the region after the recent floods.

Inspired by fiancé Sid Wilson’s nickname for her, the white and yellow diamond ring features a unique honeycomb design.

The brand is marking its 50th anniversary with a limited-edition bangle, high jewelry suites, new collections, and more.

Goldfarb said changes in the industry, coupled with his age and the updates needed to modernize his business, drove his decision.

Longtime LVMH executive Michael Burke has stepped into the role.

Central topics of next week’s event include climate action, labor rights, artisan preservation, and value retention in producing countries.

Vickie Rokkos has joined the jewelry company as its new national sales director of North America.

Turbulence will be the new baseline for luxury as it faces its biggest potential setbacks in 15 years, a recent report said.

Sponsored by Rio Grande Jewelry Supply

The “For the Love of Fruits” collection features five fruit pendants, each holding a different meaning.

Diamonds and crimes (some involving diamonds) top the list of National Jeweler’s most popular stories halfway through the year.