Eventbrite, an online live event ticketing platform, announced terms for its IPO on Friday.
The San Francisco, CA-based company plans to raise $200 million by offering 10 million shares at a price range of $19 to $21. At the midpoint of the proposed range, Eventbrite would command a fully diluted market value of $1.8 billion and an enterprise value of $1.7 billion.
Eventbrite was founded in 2006 and booked $256 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol EB. Goldman Sachs, J.P. Morgan, Allen & Company and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of September 17, 2018.
