EventBrite co-founders Julia Hartz (CEO) and Kevin Hartz (chair). Photo by Drew Angerer/Getty Images.

Event ticketing software company Eventbrite, valued at $1.5 billion by private investors, on Thursday filed for a $200 million IPO.

Why it matters: Expect this to be one of many new IPO filings based on where we are on the calendar, as the post-filing waiting period to launch road-shows now brings us past Labor Day, when most institutional investors are back at work.

The deal: The San Francisco-based company plans to trade on the New York Stock Exchange under ticker symbol EB, with Goldman Sachs listed as left lead underwriter.

The financials: Eventbrite isn't profitable yet. It reported a net loss $38.5 million in 2017, on revenue of $201.6 million. In the first six months of 2018, it reported a $15.6 million net loss on $142.1 million in revenue.

Backers: Eventbrite has raised more than $300 million in venture capital from investors like Tiger Global, Sequoia Capital, and T. Rowe Price.

Go deeper

New York daily coronavirus cases top 1,000 for first time since June

Photo: Chip Somodevilla/Getty Images

New York on Friday reported more than 1,000 new coronavirus cases for the first since June.

Why it matters: The New York City metropolitan area was seen as the epicenter of the COVID-19 pandemic throughout the spring. But strict social distancing and mask mandates helped quell the virus' spread, allowing the state to gradually reopen.

Updated 35 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2 p.m. ET: 32,647,382 — Total deaths: 990,473 — Total recoveries: 22,527,593Map.
  2. U.S.: Total confirmed cases as of 2 p.m. ET: 7,053,171 — Total deaths: 204,093 — Total recoveries: 2,727,335 — Total tests: 99,488,275Map.
  3. States: U.S. reports over 55,000 new coronavirus cases.
  4. Health: The long-term pain of the mental health pandemicFewer than 10% of Americans have coronavirus antibodies.
  5. Business: Millions start new businesses in time of coronavirus.
  6. Education: Summer college enrollment offers a glimpse of COVID-19's effect.

America on edge as unrest rises

Louisville on Wednesday. Photo: Jon Cherry/Getty Images

Rarely have national security officials, governors, tech CEOs and activists agreed as broadly and fervently as they do about the possibility of historic civil unrest in America.

Why it matters: The ingredients are clear for all to see — epic fights over racism, abortion, elections, the virus and policing, stirred by misinformation and calls to action on social media, at a time of stress over the pandemic.

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