Friday, September 7, 2018

EventBrite Sets Estimated Initial IPO Range

San Francisco-based EventBrite, which operates an online event ticketing service, set its estimated intial public offering range on Friday, saying it is looking to sell 10,000,000 shares of its common stock at between $19.00 to $21.00 per share. EventBrite has been approved to trade as EB on the New York Stock Exchange. The IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, Allen & Company LLC, RBC Capital Markets, SunTrust Robinson Humphrey, and Stifel. Eventbrite's largest institutional investors are Tiger Global (21.3% of the company before IPO), Sequoia Capital (20.3%), and T. Rowe Price (6.3%).