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Eventbrite, the 12-year-old, San Francisco-based event-planning company, has filed an initial public offering confidentially with the SEC and plans to go public later this year, according to a new report in the WSJ. The company’s lead underwriters are Goldman Sachs and JPMorgan Chase & Co., it says.
The offering must seem a long time in coming for Eventbrite founders Julia Hartz; her husband, Kevin Hartz; and the company’s technical cofounder and CTO, Renaud Visage.
Individuals - Events - Parties - Options - Excel
Originally created for individuals wanting to host smaller events and private parties, but who faced few few options aside creating Excel spreadsheets — remember, the ticketing world formerly revolved around stadiums and major sporting events — Eventbrite has grown steadily over the years into a corporate giant. It now powers ticketing for millions of events in more than 180 countries, and it has rung up more than $10 billion in cumulative tickets sales since its founding. According to Forbes, in 2017 alone, Eventbrite processed more than three million tickets per week to events, including conferences and festivals.
Part of the company’s growth has come through acquisitions. Last year, for example, Eventbrite acquired Ticketfly, a ticketing company that focused largely on the live entertainment industry that had sold to the streaming music company Pandora in 2015 for a reported $335 million but Eventbrite was able to nab last year for $200 million.
Eventbrite - Push - Years - Ticketea - Spain
Eventbrite has also made a broader international push in recent years, acquiring Ticketea, one of Spain’s leading ticketing providers, back in April, and acquiring Amsterdam-based Ticketscript back in January of last year. And those deals followed roughly half a dozen others.
In the meantime, the company — which has raised roughly $330 over the years, including from Sequoia Capital, Tiger Global...
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