Eventbrite Isn't Ready to Go Public Just Yet

Those hoping for Eventbrite to go public may have to wait a while longer.

The popular online ticketing service announced Monday that it has raised another $60 million in financing led by Tiger Global Management. That brings the company's total funding to $140 million.

In a statement, Eventbrite noted that the latest round of financing would help it to "continue innovating, building and changing the landscape of ticketing" by focusing on areas like international growth and developing for mobile. But the additional funds will also buy Eventbrite more time before filing for an IPO. "This gives us flexibility in setting the timeline for a later IPO, on our schedule," Kevin Hartz, the company's co-founder and CEO, told The Wall Street Journal. Read more...