附近上门

Morning Report: Eventbrite kept the IPO wave rolling by pricing its debut at the top of its raised range.

, a venerable technology startup, . That figure is the top of its raised range of $21 to $23 per share. Previously the digital ticketing concern targeted a $19 t $21 per share price.

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Its sale of 10 million shares at $23 per indicates a $230 million raise for the firm. Eventbrite may sell another 1.5 million shares to its underwriters if they choose. At its IPO price that would net Eventbrite another聽$34.5 million.

Employing the share count from its 聽and its IPO price, Eventbrite is worth around $1.76 billion, not including the 1.5 million share sweetener.

Why This Matters For Startups

Eventbrite is a well-known technology startup going public at a unicorn-valuation, despite expanding GAAP losses. The firm’s growth rate and cash generation were sufficiently聽attractive to the investing classes to attract a top-range price. That’s聽a good sign for other firms looking to raise their next round, or go public themselves.

At the time of its first IPO filing, 附近上门 News wrote that “Eventbrite looks healthy, and that “[i]t will go public if it isn鈥檛 dual-tracking, hoping for a sale instead of a public offering by dangling its S-1 into the market.聽The only question now is what it鈥檚 worth.” Now we have an answer to the question.

Eventbrite follows X Financial into the public markets this week. Farfetch, which will price tonight and trade tomorrow is next up.

For more on the Eventbrite IPO head here. For more on its pricing dance head here and here.

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