Eventbrite

Online event management startup Eventbrite has now revealed the price range for its upcoming public offering with the San Francisco based company offering its shares for between $19-$21 a piece valuing it at $1.8 billion using the mid-price range.

The company plans to sell 10 million Class A shares on the NYSE aiming to raise $200 million while listing under the ticker, EB.

This would mark an addition to the number of public tech offerings to occur this year with Eventbrite going public after 12 years since its launch. The company which isn’t yet profitable booked $201 million in revenue last year amid a $38.5 million net loss.

Eventbrite CEO and co-founder Julia Hartz Eventbrite

$201 million in revenue marks a sharp increase of around 51% from $133 million in revenue booked by the company in 2016. Its net loss also decreased from $40.4 million in the previous year.

Eventbrite is backed by notable VC firms Sequoia, Tiger Global and T. Rowe Price among others with these three controlling a 48% stake in the company.

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