Post-IPO, Tiger Global still likes Etsy Inc. A regulatory filing on Monday reveals the fund has an 8.9% stake in the online marketplace for crafts and homemade goods.
Tiger Global is no newcomer to Etsy Inc (ETSY) – it has had a foot in door on the company since well before it went public earlier this year.
Tiger Global filing
Etsy initially sold private shares to Tiger Global at $5.30 per share in April 2014. A March regulatory filing prior to the company’s IPO listed Tiger’s stake at 7.3%. When the stock began trading, its stake was about 6.4%.
Etsy soared out of the gate, with its NASDAQ-traded shares doubling in price on the day of its IPO. Since then,...
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