Tank Alert: Did Etsy IPO Too Soon?
Etsy Inc. is ailing. The peer-to-peer eCommerce site tumbled 28 percent on Wednesday after investors reacted to worse-than-expected Q2 earnings.
The company has had a rough first few months on the NASDAQ. Trading under $14 per share, Etsy is now pegged by the market as worth less than half of its $30/share IPO close. So did Etsy go public too early?
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