The Eventbrite IPO is taking place in the coming months as the company has filed to go public later this year.
Here are seven things you should know about the
- The event planning company filed for an initial public offering on Thursday for $200 million, which it plans on raising from selling Class A shares.
- Eventbrite has yet to list the price per share of the Class A stock offering.
- Analysts believe that the company plans on using the new funds to help the company recover from recent losses. The company had a net profit of $201.6 million in 2017, but operating and loss expenses caused it to report a net loss of $28.5 million, as well as a loss of $15.6 million so far in 2018.
- Eventbrite did report a net revenue growth of 51% and net revenue of $142 million so far this year.
- Goldman Sachs will serve as the lead underwriter, backing the company’s goal of offering a platform to “creators of all types,” which differs from other event planning sites.
- Eventbrite plans on extending its products and services across a variety of categories and countries.
- The company has raised $332.3 million over nine funding rounds since 2006, including a debt funding round of $1.5 million in 2008 that was backed by Tiger Global, Sequoia Capital and others.
It is unclear when exactly the Eventbrite IPO will take place.
