Etsy prices IPO at $16 a share

ETSY stock & Adami sock

Etsy priced its initial public opening at $16 per share, at the top end of its previously expected range of $14-$16 per share.

The price values the company, an e-commerce platform for handmade goods and craft supplies, at about $1.78 billion.

Read More Can Etsy make money and do good at the same time?

The company's IPO raised about $266.66 million at that price.

It plans to list on Nasdaq under the ticker "ETSY."

Goldman Sachs, Morgan Stanley and Allen & Co are underwriting the IPO.

—Reuters contributed to this report.

Etsy's IPO: priced at $16 a share