Online ticketing platform Eventbrite sets terms for $200 million IPO

San Francisco-based online live event ticketing platform Eventbrite, which operates in Australia, has announced terms for its $200 million IPO on the New York stock exchange.

It is offering 10 million shares of a range between $19 and $21 which would command a fully diluted market value of $1.8 billion and an enterprise value of $1.7 billion.

Eventbrite, which was founded in 2006, turned over $256 million in revenue for the 12 months ended June 30, 2018. Its revenue growth is reported at an impressive 51%.

But it had a net loss of $38.5 million in 2017 and a loss so far in 2018 of $15.6 million, according to the IPO.

This included $6.6 million in losses through June 30 this year after a hacking incident brought Ticketfly down in the dark for several weeks and personal data of 27 million customers leaked.

With Goldman Sachs as lead underwriter, Eventbrite says it will provide a platform to “creators of all types” as a competitive advantage, and also introduce extended capabilities across categories and countries.