Etsy Inc., an online marketplace for handmade and vintage goods, priced its initial public offering at $16 a share on Wednesday, at the high end of its range.

The deal raised about $267 million by selling 16.7 million shares and gives Etsy a valuation of $1.8 billion.

That total doesn’t count a so-called overallotment option, which gives underwriters the opportunity to sell additional shares under certain circumstances.

The company had planned to sell 16.7 million shares in the range of $14 to $16, according to a regulatory filing.

The IPO broke somewhat from tradition in terms of its structure.