Eventbrite Plans to go Public Soon
The company filed confidentially.
Mon Jul 23 2018 18:00:00 GMT+0000 (Coordinated Universal Time)
The event-planning company Eventbrite filed for an IPO on the low last week. Because the company filed confidentially, we don't quite know their exact financial situation, but with as many sports and day party tickets as I've bought off their platform alone, I'ma take a stab in the dark and say they're not in the office eating beanies and weenies.
Eventbrite was founded in 2006 has since raised $350 million -- hitting a $1 billion valuation in 2014. According to Music Ally, in 2017 the company generated around $4 billion in revenue and processed more than 200 million tickets.
The company sells tickets in 180 different countries and processes more than 3 million tickers per week. Given that they collect a percentage for each ticket on top of per ticket fees, they're in pretty good shape.