Eventbrite (EB) Announces September 21st IPO

Eventbrite (EB) plans to raise $200 million in an initial public offering (IPO) on Friday, September 21st, IPO Scoop reports. The company will be issuing 10,000,000 shares at a price of $19.00-$21.00 per share.

In the last 12 months, Eventbrite generated $255.5 million in revenue and had a net loss of $45.8 million. The company has a market cap of $1.6 billion.

Goldman Sachs, J.P. Morgan, Allen & Company and RBC Capital Markets served as the underwriters for the IPO and SunTrust Robinson Humphrey and Stifel were co-managers.

Eventbrite provided the following description of their company for its IPO: ”  We founded Eventbrite to bring the world together through live experiences. We believe live experiences are fundamental to fulfilling a human desire to connect. Our company serves event creators—the people who bring others together to share their passions, artistry and causes through live experiences—and we empower their success. We built a powerful, broad technology platform to enable creators to solve the challenges associated with creating live experiences. Our platform integrates components needed to seamlessly plan, promote and produce live events, thereby allowing creators to reduce friction and costs, increase reach and drive ticket sales. By reducing risk and complexity, we allow creators to focus their energy on producing compelling and successful events. “.

Eventbrite was founded in 2006 and has 1016 employees. The company is located at 155 5th Street, 7th Floor, San Francisco, CA 94103, US and can be reached via phone at (415) 692-7779 or on the web at http://www.eventbrite.com.

Receive News & Ratings for Eventbrite Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Eventbrite and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply