+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Everything Etsy's CEO wore for its $3 billion+ IPO was bought on the site

Apr 17, 2015, 00:12 IST

Craft marketplace Etsy went public Thursday morning, and CEO Chad Dickerson dressed for the occassion by donning an outfit completely composed of pieces he bought on the site.

Advertisement

"Everything I'm wearing right now is from Etsy," Dickerson told Business Insider. "I bought my suit on Etsy, my shirt, my socks... My favorite thing that I'm wearing right now are my cufflinks that feature baseball stitching."

He says he bought the cufflinks from an Etsy shop called Baseball Seams Co, which recycles old baseballs and turns the seams into bracelets, keychains, and cufflinks. Based in Sioux Falls, South Dakata, the shop sells its handmade cufflinks for $29.99 a pop.

Besides repping Etsy sellers with his attire, Dickerson invited 28 sellers from 23 shops to come to New York City's Times Square to set up a market to sell their goods to celebrate the IPO.

Advertisement

"The uniqueness of Etsy - of our point of view, of what our sellers sell on the site - is part of what makes us a really valuable as a company," Dickerson says.

Etsy's stock was priced at $16 per share, but it popped to $31 at opening, and rallied by as much as 120% throughout the day. Its opening price valued it at more than $3.7 billion.

NOW WATCH: This is what happens to your brain and body when you check your phone before bed

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article