Eventbrite, a ticketing service, debuts on the New York Stock Exchange at $23 and shots up almost 50 percent to $37
Eventbrite stocks went up to $37 on its debut, with the company reaching a valuation of nearly $3 billion.
- Eventbrite had set out for a $1.8 billion valuation when it set terms for its public offering.
- The Wall Street Journal reported that up to July of this year, 120 companies have raised $35.2 billion on US exchanges.
- Experts believe that the increased investment this year is due to a market that is filled with private equity, sovereign wealth, and late-stage dollars.