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Eventbrite raises IPO range to $21 to $23, now raising up to $230 million

Eventbrite, an online live event ticketing platform, raised the proposed deal size for its upcoming IPO on Tuesday.

The San Francisco, CA-based company now plans to raise $220 million by offering 10 million shares at a price range of $21 to $23. The company had previously filed to offer 10 million shares at a range of $19 to $21. At the midpoint of the revised range, Eventbrite will raise 10% more in proceeds than previously anticipated.

Eventbrite was founded in 2006 and booked $256 million in revenue for the 12 months ended June 30, 2018. It plans to list on the NYSE under the symbol EB. Goldman Sachs, J.P. Morgan, Allen & Company and RBC Capital Markets are the joint bookrunners on the deal. It is expected to price during the week of September 17, 2018.

The article Eventbrite raises IPO range to $21 to $23, now raising up to $230 million originally appeared on IPO investment manager Renaissance Capital's web site renaissancecapital.com.

Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital's Renaissance IPO ETF (symbol: IPO) , Renaissance International ETF (symbol: IPOS) , or separately managed institutional accounts may have investments in securities of companies mentioned.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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