Eventbrite has taken its final step toward becoming a publicly traded company.
In an updated filing this morning, the ticketing and events company announced plans to sell 10 million Class A shares on the New York Stock Exchange at a price range of $19 to $21 under the ticker symbol EB.
At a midpoint price, Eventbrite will raise $200 million at a $1.8 billion valuation.
The company filed its initial IPO paperwork confidentially back in July, then unveiled its S-1 to about two weeks ago.
Eventbrite is not profitable and has been losing money since 2016. According to the documents, it posting losses of $40.4 million in 2016, $38.5 million in 2017. In the first six months of 2018, the company has posted a net loss of $15.6 million.
Its revenue is rising though, increasing from $133 million in 2016 to $201 million last year.
Backed by Sequoia, Tiger Global and T. Rowe Price, which together own about 48% of the company, Eventbrite has raised roughly $330 million from private investors.
from TechCrunch https://ift.tt/2wU5tzA
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