Pomerantz LLP

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Eventbrite, Inc.

We are investigating Eventbrite, Inc. (EB) (“Eventbrite” or the “Company”) for potential violations of the federal securities laws.  In September 2017, Eventbrite acquired Ticketfly, LLC (“Ticketfly”) from Pandora Media, Inc. for $201.1 million, purportedly to expand Eventbrite’s solutions for music-related events. 

On September 20, 2018, the Company filed a prospectus on Form 424B4 with the U.S. Securities and Exchange Commission, which forms part of the registration statement issued in connection with the Company’s initial public offering (“IPO”).  In the IPO, Eventbrite sold 11.5 million shares of Class A common stock at a price of $23.00 per share, raising proceeds of approximately $246 million, net of underwriting discounts and commissions.  The proceeds from the IPO were purportedly to be used to repay certain debts, including $30 million of indebtedness incurred to finance the Company’s acquisition of Ticketfly, and for working capital and other general corporate purposes.  Then, on March 7, 2019, in connection with its full year 2018 results, the Company stated that integrating Ticketfly would be a headwind impacting the Company’s future growth and revenue.  On this news, Eventbrite’s stock price fell $7.96 per share, or 24.55%, to close at $24.46 per share on March 8, 2019.