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Investigations  /  04.17.2019

Shareholder Investigation of Eventbrite, Inc.

Eventbrite, Inc. (EB) Misled Shareholders According to a Recently Filed Class Action

According to the complaint against the company for alleged violations of the Securities and Exchange Act of 1933 pursuant to the company’s September 2018 initial public offering (“IPO”) and the Securities and Exchange Act of 1934 between September 20, 2018 and March 7, 2019, in September 2017, Eventbrite, Inc. (EB) acquired Ticketfly, LLC from Pandora Media for $201.1 million. On September 2018, Eventbrite held its IPO, offering its stock at $23.00 per share and generating $246 million in proceeds based on misleading offering documents. In particular, Eventbrite failed to disclose that the negative impact of the Ticketfly acquisition. On March 7, 2019, Eventbrite revealed that integrating Ticketfly was taking longer than expected and would negatively impact its future growth and revenue. On this news, Eventbrite’s share price plummeted $7.96 per share, or over 24%, to close at $24.46 per share on March 8, 2019, and has continued to fall.

Eventbrite, Inc. (EB) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.

Shareholder Information

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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