Etsy 2015 Annual Report Download - page 38
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Our common stock has been listed on the Nasdaq Global Select Market under the symbol "ETSY" since April 16, 2015. Prior to that date, there was no public
trading market for our common stock. The following table sets forth the high and low intra-day sales price per share of our common stock as reported by
Nasdaq:
Second Quarter (beginning April 16, 2015) $ 35.74
$ 13.78
Third Quarter 23.44
11.85
Fourth Quarter 15.11
7.91
As of the close of business on February 26, 2016, there were approximately 352 stockholders of record of our common stock. The number of stockholders of
record is based upon the actual number of holders registered on this date and does not include holders of common stock in “street name” by brokers or other
entities on behalf of stockholders.
We have never declared or paid cash dividends on our capital stock. We intend to retain all available funds and any future earnings and do not anticipate
paying any cash dividends in the foreseeable future. Any future decision to declare cash dividends will be made at the discretion of our board of directors,
subject to applicable laws, and will depend on a number of factors, including our financial condition, results of operations, capital requirements, contractual
restrictions, general business conditions and other factors that our board of directors thinks are relevant. In addition, our ability to pay cash dividends is
limited by the terms of our Credit Agreement. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and
Capital Resources—Sources of Liquidity” for additional information about our Credit Agreement.
In the three months ended December 31, 2015, we issued and sold an aggregate of 96,869 shares of our common stock upon the net exercise of warrants to
purchase 105,099 shares of our common stock. The shares of common stock were issued pursuant to Section 3(a)(9) of the Securities Act.
On April 21, 2015, we closed the initial public offering of our common stock at a price to the public of $16.00 per share. The offer and sale of all of the shares
in our initial public offering were registered under the Securities Act pursuant to a registration statement on Form S-1 (File No. 333-202497), which was
declared effective by the U.S. Securities and Exchange Commission, or "SEC," on April 15, 2015.
The remainder of the information required by this item regarding the use of our initial public offering proceeds has been omitted pursuant to SEC rules
because such information has not changed since our last periodic report was filed.
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