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Hello, please do this in word and use company called Etsy Inc. as the company in question.https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=etsy+inc+stock Assignment is:...

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Hello, please do this in word and use company called Etsy Inc. as the company in question.https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=etsy+inc+stock
Assignment is:

IPO. Select a company that has gone public in the last few years on an organized exchange anywhere in the world. Download the file below and fill in your responses to each of the questions as well as a bibliography at the bottom. (Be sure to reference these sources in the body of the paper as well). Use double spacing. When finished,upload that same file through the Assignment link (do not create a new file).

You should be able to find all, or most of the information needed for this case. However, if you just can't find information on a particular issue, include a note to that effect so I'll know you didn't just overlook it.

I can send you word attachment that needs to be followed.


Answered Same Day Dec 26, 2021

Solution

Robert answered on Dec 26 2021
137 Votes
The company selected for this task is ETSY Inc. It is a peer to peer e-commerce website which
tends to focus on vintage items along with handmade items coupled with those factory
manufactured items that are unique. The company has more than 50 million active users who are
egistered on the website. The company was established in the year 2005 (SEC, 2015).
Question 1
The company went public in the year 2015. The main reason of the public offering was to
enhance the visibility of the company an ensure that there Is a future equity market for the
company where the common stock can trade. The proceeds from the issue were intended to be
utilized for corporate purposes of general nature along with working capital. The company
intended to divert $300,000 from the IPO proceeds to the funding of a non-profit organization
Etsy.org. Also some part of the equity proceeds were to used for acquisition of complementary
usinesses along with corporate headquarters building (SEC, 2015).
Question 2
The NASDAQ exchange lists the stock where it trades under the symbol “ETSY”. The company
decided to list the stock on this particular exchange as most of the technology companies are
listed on the NASDAQ (SEC, 2015).
Question 3
The investment bankers that acted as the primary book builders were Goldman, Sachs &
Co. and Morgan Stanley & Co. LLC. These investment bankers have been chosen because of
their proven track record at deriving best valuation for their clients and assuring that the book...
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