Etsy makes it official, prices IPO at $16 per share

The company once known as "Indieco, Inc." has stressed its business strategy is rooted in community and customer service since launching in 2005.

After a whirlwind few weeks, Etsy is packing it in early tonight ahead of a public debut on Wall Street on Thursday.

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The online artisinal marketplace, which sells everything from custom perfume wedding favors to "vintage" regal pet portraits, officially priced its initial public offering on Wednesday evening at $16 per share.

Following a roadshow that took off at the end of March, the final price estimate before trading puts the Brooklyn-based company at a valuation of approximately $1.8 billion.

Goldman Sachs, Morgan Stanley and Allen & Co. are serving as underwriters. Etsy will be trading on the Nasdaq under the eponymous ticker symbol "ETSY."

Selling more than 16.7 million shares, the offering is expected to close on Tuesday, April 21.

Despite launching roughly a decade ago, Etsy's IPO journey has been a whirlwind since filing its S-1 with the U.S. Securities and Exchange Commission at the beginning of March.

The company once known as "Indieco, Inc." has stressed its business strategy is rooted in community and customer service since launching in 2005.

Etsy responded to some more mobile and e-commerce trends (not to mention competitors) last fall with what resembled a Square-like dongle for offline credit card payments.

As for that community, Etsy counted approximately 54 million members, including 1.4 million active sellers and 19.8 million active buyers, as of December 31, 2014.

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