Eventbrite has taken steps towards public listing in the US, according to a Wall Street Journal report.
The events technology firm, based in California, has been emboldened by the strong debuts of companies such as Spotify, Dropbox and Zscaler.
The Wall Street Journal said Eventbrite has taken steps towards an initial public offering (IPOs), with a potential market listing in the second half of this year.
It is believed tech firms are beginning to again see the public markets as a hospitable place to raise capital.
“Our pipeline is larger than I’ve seen it in at least a few years,” Richard Truesdell, a partner at law firm Davis Polk & Wardwell, told the Wall Street Journal.
Eventbrite, which completed a $200m acquisition of Ticketfly in 2017, said its expanded group expects to process more than 200 million tickets globally, generating approximately $4bn in gross ticket sales this year.
In 2014, Eventbrite raised $60m, and it was valued at $1.2bn. Other investors in Eventbrite include Tiger Global Management, Sequoia Capital, and T. Rowe Price.
Last year payments operator Square struck an agreement to process payments for the service, and made a $25m strategic investment.
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