Etsy may be crafting a public offering.
The online marketplace for handmade goods is looking to raise around $300 million in an IPO that could take place as soon as this quarter, according to a report late Tuesday from Bloomberg.
A rep for Etsy declined to comment on the report.
The Brooklyn-based startup hired a chief financial officer from Fidelity in 2013, setting off speculation that it planned to go public. In May 2014, Etsy investor Fred Wilson said the company was "well positioned to go public" in the next year, depending on market conditions.
Etsy was founded nearly a decade ago and came to prominence alongside boutique ecommerce sites like Fab and Gilt Groupe, both of which were viewed as contenders at one point or another for IPOs. Fab has struggled in recent months, laying off a significant chunk of its staff. Gilt Groupe is rumored to be planning for an IPO every year, but never seems to make good on those rumors.