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Event management and ticketing website: Eventbrite, Inc. (EB)

Eventbrite, Inc. (NYSE:EB) was founded in 2006 and is headquartered in San Francisco, California, USA. It has 1,016 full-time employees (6/30/2018). It is an event management and ticketing website that allows users to browse, create and promote local Events and activities. The service also allows event organizers to provide online ticketing services for their events; 2.5% of the ticket price plus 99 cents per ticket will generate revenue, but Eventbrite does not charge any fees for free events.

Eventbrite

Eventbrite (EB):

Eventbrite is headquartered in San Francisco and opened its first international office in the UK in 2012. The company currently has offices in Nashville, London, Cork, Amsterdam, Dublin, Berlin, Melbourne, Mendoza and Sao Paulo.

Eventbrite builds a powerful, broad technology platform that enables creators to solve the challenges associated with creating real-time experiences. Eventbrite’s platform integrates the components required for seamless planning, promotion and production of live events, thereby enabling creators to reduce costs, increase coverage and drive ticket sales.

Eventbrite (EB) History:

Eventbrite was founded in 2006 by Kevin Hartz (co-founder and executive chairman), Julia Hartz (co-founder and CEO) and Renaud Visage (co-founder and chief technology officer). Prior to taking the company position, Kevin Hartz worked at PayPal and was the co-founder and CEO of Xoom Corporation, an international money transfer company.

On March 18, 2011, Eventbrite raised US$50 million in Series E financing led by Tiger Global. On April 22, 2013, Eventbrite raised another $60 million in growth capital financing led by Tiger Global, including T. Rowe Price. On March 13, 2014, Eventbrite raised US$60 million in private equity financing. On September 1, 2017, the company raised US$134 million in Series G financing. This brings their total funding to 334 million US dollars. Previous fundraising involved companies such as Sequoia Capital, DAG Ventures and Tenaya Capital.

In 2016, Julia became the CEO of Eventbrite, and Kevin became the executive chairman. Renaud Visage built the Eventbrite site platform. Visage started his career as a consultant with Geomatrix Consultants. He later became the director of engineering at Zing Networks. He holds a master’s degree in engineering from Cornell University and the Central University of Lyon, France.

In March 2017, Eventbrite acquired nvite, an event technology startup company based in Washington, DC, for an undisclosed amount. June 9, 2017, Eventbrite for $ 200 million from Pandora purchased Ticketfly (Pandora Radio).

In April 2018, Eventbrite acquired Ticketea, a Spanish ticketing service company.

In August 2018, Picatic, a ticketing and event registration platform based in Vancouver, was acquired by Eventbrite.

Eventbrite (EB) investment:

Eventbrite, Inc. (NYSE:EB) submitted its IPO prospectus on 8/23/2018, and plans to land on the New York Stock Exchange on 9/21/2018. The issue price will be US$19.00-21.00, 10 million shares will be issued, and the fundraising will not exceed 2.415. Billion dollars, jointly underwritten by Goldman Sachs / JP Morgan / Allen & Company / RBC Capital Markets .

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