** Esty's ETSY.O shares down 3.5% premarket to $59.64 as online marketplace seeks capital raise
** Brooklyn, New York-based firm offering privately $650 mln convertible bonds due 2030
** It plans to use up to $175 mln of net offering proceeds to repurchase shares in privately negotiated transactions with purchasers of the bonds
** Remainder of proceeds are for general purposes, including repayment or repurchase of existing debt, co says
** With ~104.3 mln shares outstanding, co has $6.4 bln market cap
** ETSY shares on Tues closed down 3.2% at $61.83, snapping a 10-session winning streak in which they racked up a 34% gain
** YTD, stock up 17%
** Of 34 analysts covering ETSY, recommendation breakdown is 9 "strong buy" or "buy", 20 "hold" and 5 "sell" ratings and median PT is $50, according to latest LSEG data
(Lance Tupper is a Reuters market analyst. The views expressed are his own)
((lance.tupper@tr.com 1-646-279-6380))
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。