Etsy, a peer-to-peer e-commerce website that sells handmade goods and craft supplies, filed with US regulators on Wednesday for an initial public offering of common stock.

This move from the website came 10 years after of its launch. The Brooklyn, New York-based Company, also revealed that its ticker symbol is be very identical to its name i. e. ETSY.

Etsy told the US Securities and Exchange Commission in a preliminary prospectus that Goldman Sachs & Co, Allen & Co LLC and Morgan Stanley are underwriting the IPO.

Etsy, which was founded in 2005, presently has a total of 685 employees and also has 29 million items listed on its website.

It has been found that the company recorded total revenue of $195.6 million and gross merchandise sales of $1.93 billion in 2014.

The e-commerce website charges a 20-cent fee for every item on its website, and a 3.5 per cent fee for each completed sale. Etsy also make lots of money seller services such as its advertising platform, payment processing and shipping labels.

The company said in a statement that it aim to raise up to $100 million from the IPO, but the filing did not reveal how many shares the company has planned to sell. The expected price of the shares has also not been disclosed so far.

Although the company might be happy with its recent move, but some people are very upset that Etsy has sold its artisanal soul.

In 2013, the company made another big move by allowing people to sell products made not by hands but by massive manufacturing operations. Many of the site's earliest users, including Grace Dobush, were not happy with this move of Etsy.

Dobush said, "They fundamentally changed the purpose of Etsy. To stay true to my handmade ethos, I had to move my business elsewhere".