Mizuho Markets Acquires Stake in Etsy

What Happened?

Mizuho Markets Americas LLC, a subsidiary of Mizuho Financial Group, Inc., has acquired a new stake in Etsy, Inc. (NASDAQ:ETSY) as of February 6, 2023. The value of the stake is estimated to be around $100 million.

Why the Acquisition?

According to sources, the acquisition is part of Mizuho's strategy to expand its presence in the e-commerce sector. Etsy is a leading online marketplace for handmade and vintage goods, with over 90 million active buyers. The investment in Etsy will allow Mizuho to tap into this growing market and offer its clients access to a wider range of products and services.

Impact on Etsy

The acquisition is expected to have a positive impact on Etsy. Mizuho's investment will provide Etsy with additional capital to invest in its platform and expand its reach. This could lead to increased sales and growth for Etsy in the long term.

About Mizuho Markets Americas LLC

Mizuho Markets Americas LLC is a leading provider of financial services to institutional clients in the Americas. The company offers a wide range of products and services, including equity and fixed income sales and trading, research, and investment banking.

About Etsy, Inc.

Etsy, Inc. is an online marketplace for handmade and vintage goods. The company was founded in 2005 and is headquartered in Brooklyn, New York. Etsy has over 90 million active buyers and 7.4 million active sellers.