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Eventbrite aims to raise $200m in IPO at $1.8bn valuation


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Ticketing firm Eventbrite has set the terms for its upcoming IPO. The company is planning to raise $200m from selling 10 million shares at a price range of $19-$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,” noted the Nasdaq announcement of the terms. The pricing is expected to take place next week (17-21 September).

In its recent IPO filing, Eventbrite revealed that its net revenues grew by 51% year-on-year to $201.6m in 2017, although its net losses increased slightly to $40.4m that year. The company issued 203m tickets in 2017 for 3m events, although many of those tickets were free – its total of paid tickets issued last year was 71m. “We believe that in 2018, our platform will address a current market opportunity in our top 12 markets that is estimated to be 1.1 billion paid tickets generating $3.2 billion in gross ticket fees, along with an additional 1.9 billion free tickets,” claimed the filing. We’ll be keen to see how the markets respond to the IPO this month.

Stuart Dredge

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