Etsy, the online marketplace for hand-crafted and vintage items founded by Haim Schoppik, Rob Kalin, and Chris Maguire in 2005, finally went public on Thursday.
On Wednesday night, Etsy priced its shares at $16, the high end of its range, selling 16.7 million shares and raising $267 million for the company. By mid-morning, however, the company's stock price soared 115 percent, to $35.74, valuing the company at around $4 billion.
In its IPO papers, filed in March, Etsy said it planned to raise up to $100 million. It reported having a community of 54 million members, total revenue of $195 million, and a loss of $15 million for the full year 2014.
An Etsy spokesperson was not immediately available to comment. Still, an IPO of this magnitude--fresh off a huge year for e-commerce IPOs, with Alibaba, Box, GoDaddy, and others going public--bodes well for other companies looking to sell shares to the public. And while the Brooklyn, New York-based company is valued at roughly $1.8 billion today, it certainly laid the groundwork for a public financing event long ago.
Over the past 10 years, Etsy garnered nearly $100 million in angel and venture capital investment. Here's a look at some of its biggest milestones.