Twelve-year-old Eventbrite filed to go public Thursday, an unsurprising but significant step for the husband-and-wife duo that started the company and their big-name backers like Sequoia Capital and Tiger Global Management.
The S-1 filing gives an interesting look into the business, which has seen a steady increase in the number of tickets that artists and event organizers sell through its platform. The filing confirmed The Information’s report earlier this year that the company generated $200 million in revenue last year and is on its way to $300 million this year. Its acquisition last year of concert ticket-seller Ticketfly made up a significant portion of that growth. Eventbrite lost about $40 million last year.
There is some pressure for Eventbrite to go public before the end of the year, as we wrote previously. The S-1 shows that by Jan. 1, 2019, Eventbrite’s Series G shares will begin to accrue an annual 8% dividend that must be paid out to investors in extra shares at the time of a sale or IPO.