Bloomberg broke news late Tuesday stating a highly anticipated tech company, Etsy, plans on filing for an IPO perhaps sometime in the first quarter. Etsy sells handmade crafts and vintage goods online and Bloomberg says it could be the biggest technology IPO to come out of New York since 1999. Sources told Bloomberg the company is looking to raise $300m which has been practically unheard of from a NY based company since the dot-com bubble.
A fair share of e-commerce based companies came to market in 2014, including the mega-IPO Alibaba. A couple of U.S. based e-commerce companies that went public in 2014 were GrubHub (NYSE: GRUB) and Wayfair (NYSE: W). GrubHub is currently trading 43% above its offering price while Wayfair is down nearly 25%.
Biotech, Bellerophon Therapeutics (Nasdaq:BLPH), files for IPO on Tuesday seeking a cash raise of up to $69 million. They are a clinical-stage therapeutics company focused on developing innovative products at the intersection of drugs and devices that address significant unmet medical needs in the treatment of cardiopulmonary and cardiac diseases.
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