SPINNERETTE 10.11.23

2 companies #MTCH

ETSY +1.13 + RGEN +1.13

ENERGY ST

There were a number of choices this week, however I could not resist using ENERGY ST. After all, energy is the propensity to do or act in a particular way and what street could be more energetic than Wall Street!

ESTY, Inc. is an American “e-commerce company” spotlighting handmade or vintage items as well as, selling craft supplies and tools. The company was founded by Robert Kalin, Chris Maguire, Haim Schoppik, and Jared Tarbell in 2005. They are headquartered in Brooklyn, New York; they have over 100 million items listed in their marketplace and employ almost 3,000. Esty went public on April 16, 2015. In 2016 Esty acquired Blackbird Technologies, in 2019 they acquired Reverb and in 2021 acquired the shopping app Depop. Esty’s Revenue is around US$2.6 BILLION.

Traded Today @ $64.84

A DADDY LONGLEGS: Robert Kalin named the site ESTY because he “wanted a nonsense word because I wanted to build the brand from scratch. I was watching Fellini’s 8 1/2 and writing down what I was hearing. In Italian, you say esti a lot. It means ‘oh, yes’ (actually it’s “eh, si”). And in Latin and French, it means ‘what if’.”

RGEN is Repligen Corporation an American Pharmaceutical company focusing on the development and production of materials used in the manufacturing of biological drugs. The company was founded in 1981 by Alexander Rich and Paul Schimmel and is headquartered in Waltham, MA. They employ approx. 116 associates and their revenue is around US$68 MILLION.

Traded Today @ $156.35

Both companies trade on the NASDAQ Exchange.