New York e-commerce website Etsy said to be planning US$300m IPO

New York

ETSY Inc is about to show Silicon Valley that Brooklyn's hipsters can also do initial public offerings.

The website where people sell handmade crafts and vintage goods may be the biggest technology IPO to come out of New York since 1999. Etsy, which offers items such as a US$529 turquoise 1957 Royal Quiet De Luxe typewriter, is working on an IPO that could take place as soon as this quarter, people familiar with the matter said. The company is looking to raise US$300 million, one person said.