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APRIL 16, 2015

Gunderson and Davis Polk work on $287 million Etsy IPO

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian guided Brooklyn-based online craft marketplace Etsy Inc. in raising roughly $287 million in its initial public offering. The company sold 16.7 million shares of common stock, raising $267 million in the process. The shares opened at $31 on March 16, almost double the original price.

Gunderson Dettmer used a team that included Redwood City-based partner Richard Blake and associate Meaghan Nelson, along with New York-based partners Kenneth McVay, Greg Volkmar and Lisa Gorrin and associates Hozefa Botee, Cynthia Douthwaite and Laura Barker.