The NYSE public offering comes months after hacking attack took down the company's recently acquired Ticketfly platform.
Eventbrite has announced plans to file an initial public offering with Securities and Exchange Commission to have the company listed on the New York Stock Exchange under the symbol EB. The company, which has co-founder Julia Hartz listed as CEO, will offer Class A stock to investors at a yet-to-be-announced price and raise approximately $200 million, according to its SEC filing. The IPO filing comes months after a devastating hacking attack took a large swath of the company and its clients offline and exposed users' private data.
Listing Live Nation as it’s largest competitor, Eventbrite's IPO is being underwritten by a number of big name investment banks including Goldman Sachs, J.P. Morgan, Allen & Company, RBC Capital Markets, SunTrust Robinson Humphrey and Stifel. The ticketing company -- which saw net revenue growth rise 51 percent between 2016 and 2017 from $135 million to $201 million -- is one of the biggest independent ticketing companies in the world, ticketing 3 million events last year and issuing 203 million tickets for 700,000 event creators in 170 countries. Eventbrite purchased competitor Ticketfly in June 2017 from Pandora, solidifying its dominance as a standout middle market leader in the ticketing space.