SAN DIEGO, May 2, 2019 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP reminds investors that a class action lawsuit has been filed against Eventbrite, Inc. (NYSE: EB) pursuant to Eventbrite 's September 2018 Initial Public Offering ("IPO") or purchasers of Eventbrite securities between September 20, 2018 and March 7, 2019, inclusive (the "Class Period"). The lawsuit seeks to recover damages for Eventbrite investors under the federal securities laws.
On or about September 20, 2018, Eventbrite sold 10 million shares of stock in its initial public stock offering (the "IPO"), at $23 a share raising $230,000,000 in new capital. According to the lawsuit, defendants made materially false and misleading statements and failed to disclose that: (1) the Company's migration of customers from Ticketfly to Eventbrite was progressing slower than expected; (2) that, as a result, the Ticketfly integration would take longer than expected; (3) that, as a result, the Company's revenue and growth would be negatively impacted; and (4) that, as a result of the foregoing, Defendants' positive statements about the Company's business, operations, and prospects, were materially misleading and lacked a reasonable basis.
Shareholders have until June 14, 2019, to seek appointment as a lead plaintiff. There is no cost or obligation to you. Your ability to share in any future recovery is not dependent upon serving as a lead plaintiff.
If you are interested in learning more about your legal rights and remedies, please contact Jim Baker (email@example.com) at 619-814-4471. If you email, please include your phone number.
Additionally, you can [Click here to join this action]. There is no cost or obligation to you.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York, and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit https://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
Johnson Fistel, LLP
Jim Baker, 619-814-4471
SOURCE Johnson Fistel, LLP