• General
  • August 23, 2018
  • 3 minutes read

Eventbrite officially files for $200 million public offering

Eventbrite co-founders Kevin (left) and Julia Hartz image : Eventbrite Online event planning and ticketing service Eventbrite has now officially…

Eventbrite co-founders Kevin (left) and Julia Hartz


image : Eventbrite

Online event planning and ticketing service Eventbrite has now officially filed for its previously reported IPO with the company listing the size of the public offering at $200 million which it aims to raise on the public markets.

This funding which stands as a placeholder amount subject to change will go towards boosting Eventbrite’s working capital and also paying off previously raised debts by the San Francisco based firm.

As per the filing, Over 700,000 event creators used its service last year to issue 203 million tickets for events spanning across 10 countries with the filing also indicating revenues for the first half of this year at $142.1 million, An over 50% jump from the same period last year when it inked $88.2 million in revenue.

Eventbrite reported net losses of $38.5 million for last year with $15.8 million so far this year due to operational expenses as the firm doubles down its investments and also accrue costs related to the upcoming IPO.

The 12 year old firm led by female co-founder and CEO Julia Hartz so far has raised over $300 million across several rounds with notable investors including payments company Square, T. Rowe Price, Tiger Global, Sequoia Capital, Bebo co-founder Michael Birch, Opendoor executive chairman, Khosla Ventures partner and former Square COO Keith Rabois, David Sacks, YouTube co-founder Jawed Karim.


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