Thursday, September 20, 2018

Eventbrite Prices IPO, Starts Trading Today

San Francisco-based ticketing and event management software developer Eventbrite priced its IPO last night, saying that it will sell 10,000,000 shares of its Class A common stock at $23.00 per share. The company starts trading this morning as EB on the New York Stock Exchange. The pricing was significantly above its earlier estimated IPO range of $19.00 to $21.00 per share. 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%).