Eventbrite Reportedly Going Public Later This Year

Ticketing and event technology platform Eventbrite is reportedly gearing up for an IPO led by Goldman Sachs Group and JPMorgan Chase & Co.

– Eventbrite
Co-Founders Kevin and Julia Hartz

The Wall Street Journal cites people familiar with the matter, who said Eventbrite Inc. already “filed an initial public offering confidentially with the Securities and Exchange Commission.”

It’s a common practice to use the confidential-filing provision of the JOBS Act ahead of the actual IPO, according to the journal. “Eventbrite will unveil its documents, including details about its financials, in the weeks before its stock-market listing,” the report continues.

Apart from “later this year,” there’s no exact time frame mentioned for the IPO. Since its foundation in San Francisco in 2006, Eventbrite has raised more than $350 million in capital, from backers including Sequoia Capital, T. Rowe Price Group and Tiger Global Management.

According to WSJ, “investors valued it at more than $1 billion as of 2014.”

Pollstar has reached out to Eventbrite for confirmation of the company’s IPO plans.

It has become clear over the past year’s that Eventbrite means business. Acquisitions since 2017 include Ticketscript (Amsterdam, Netherlands), Ticketfly (San Francisco, CA) and Ticketea (Madrid, Spain).

Its most recent ticketing partnerships include the UK’s MJR Group and Spain’s elrow Family. In May, Eventrbite partnered with Instagram, allowing business account users, who sell tickets through Eventbrite, to add a “Get Tickets” button to their Instagram profile.