Report: Crafts marketplace Etsy planning IPO

Etsy, an e-marketplace that specializes in crafts and other artsy items, plans to hold an initial public offering as soon as this quarter, according to Bloomberg.

The decade-old company may seek to raise about $300 million, Bloomberg says, and is working with Goldman Sachs and Morgan Stanley.

CEO Chad Dickerson has said that the company has been profitable since 2009 and has raised $91.7 million in funding over the years. Etsy's main revenue comes from charging sellers $0.20 to list a single item for four months, and then 3.5% of the value of the sale if an item sells. It also sells ads and processes payments.

The site has more than 1 million active sellers, hawking about 26 million items.

If Bloomberg's report proves true, Etsy could be the first major e-commerce company to go public in 2015. The industry raised $29 billion in IPOs last year, Bloomberg reports, in large part because of Alibaba, which raised $25 billion.

Etsy, which is based in Brooklyn, New York, declined to comment on the report.