Eventbrite, an online live event ticketing platform, raised the proposed deal size for its upcoming IPO on Tuesday.
The San Francisco, CA-based company now plans to raise $220 million by offering 10 million shares at a price range of $21 to $23. The company had previously filed to offer 10 million shares at a range of $19 to $21. At the midpoint of the revised range, Eventbrite will raise 10% more in proceeds than previously anticipated.
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.
