SAN FRANCISCO (CelebrityAccess) – According to a new report first published by The Wallstreet Journal, Eventbrite has plans to go public later this year.
Having already filed confidentially for an IPO, the company’s lead underwriters are Goldman Sachs and JPMorgan Chase & Co..
Established byin 2006, the San Francisco-based Eventbrite was originally created for individuals who wanted to host smaller scale events but had limited ticketing options. Given that the industry’s infrastructure was largely slanted toward stadium size venues up to that point, Eventbrite saw an opportunity to support a largely underserviced portion of the growing marketplace, and they slid right in. The ticket giant now powers ticketing for millions of events in more than 180 countries worldwide, and as has generated an estimated $10 billion in cumulative tickets sales since its founding.
Given that Eventbrite has raised roughly $330 million in capital over the years, including from Sequoia Capital, Tiger Global Management, and DAG Ventures, and has long been expected to go public, the move is hardly a surprise. In the last year alone, Eventbrite acquired Ticketscript (Amsterdam, Netherlands), Ticketfly (San Francisco, CA), and Ticketea (Madrid, Spain) with its most recent ticketing partnerships being the UK’s MJR Group and Spain’s elrow Family, so a public IPO is the natural next step.
The company has yet to confirm an exact timeline for their public offering.