Eventbrite made a debut on the New York Stock Exchange this morning.
The share of ticket issuing machines established in 2006 increased by more than 50% in NYSE transactions. After valuing stocks at the first offer at $ 23, investors purchased shares at $ 37 and the company's reputation amounted to nearly $ 3 billion.
This far surpasses what we had hoped for when the ticketing company originally set the conditions for public offering at the beginning of the month.
The company started trading prices above the stock price and doubled the evaluation. And Eventbrite In practice it is necessary to think about the open market right now at almost all later startup phases.
The performance of the San Francisco ticketing company was somewhat dull. As we noted when we wrote about the company's offer,
According to the report, we have reported losses of $ 40.4 million in 2016 and $ 38.5 million in 2017. In early 2018, the company posted a net loss of $ 15.6 million. The company makes changes to offset some of these losses – in late August, announced a new pricing system for customers using the "Essentials" package.
However, its revenue has increased from $ 133 million last year's 2016 to $ 210 million dollars.
From the beginning of this year, technical recruitment has collapsed. As Wall Street Journal In July, according to analysis and data services, 120 companies raised US $ 35.2 billion to the US stock exchanges. This is the highest performance of the public market since 2014, the fourth quarter since 1995. Dealogic.
We are extremely impressed that investors and companies in the portfolio are no longer using this highlight. Nothing forever (even rain in November) and not so optimistic market.
Hope you like the news:
Eventbrite's IPO should encourage hi-tech companies to escape as far as possible.
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