Eventbrite (EB) IPO Opens 57% Higher

Today's IPO for Eventbrite (NYSE: EB) opened for trading at $36 after pricing 10 million shares at $23.

In addition, Eventbrite has granted the underwriters a 30-day option to purchase up to 1,500,000 additional shares of Class A common stock at the initial public offering price less the underwriting discount.

Goldman Sachs & Co. LLC, J.P. Morgan Securities LLC and Allen & Company LLC are acting as lead joint book-running managers for the proposed offering. RBC Capital Markets, LLC is also acting as book-running manager for the proposed offering. SunTrust Robinson Humphrey, Inc. and Stifel, Nicolaus & Company, Incorporated are acting as co-managers for the proposed offering.

Eventbrite is a global ticketing and event technology platform. The company powered millions of events in more than 170 countries in 2017. Eventbrite’s comprehensive platform enables creators of all shapes and sizes with tools and resources to seamlessly plan, promote and produce live events around the world.

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