[INSIDERS] Eventbrite sees its share jump nearly 60% for its IPO

by bold-lichterman

#IPO: Eventbrite sees its share climb nearly 60% for its IPO

Eventbrite ticketing service, co-founded by Frenchman Renaud Visage and American entrepreneurial couple Julia Hartz and Kevin Hartz, saw its share price climb nearly 60% for its New York Stock Exchange debut Thursday, as reported CNBC. The initial stock price was $ 23, at the top of its range, for a valuation that could reach $ 1.76 billion. During the introduction, shares finally started at $ 36 and climbed above $ 37 in the first few minutes.

INSIDERS Eventbrite sees its share jump nearly 60 for its
Julia and Kevin Hartz, co-founders of Eventbrite.
Credit: Eventbrite

Founded twelve years ago, Eventbrite posted a loss of nearly $ 15.6 million in the first half. The company claims more than 203 million tickets sold through its platform in 2017.

#International: Bordeaux residents of Blue Valet launch their valet service in Brussels

Blue Valet, the Bordeaux start-up which offers a valet service in stations and airports, announces its deployment in Brussels. Three years after its launch, the company is therefore starting to expand internationally.

1605267148 456 INSIDERS Eventbrite sees its share jump nearly 60 for its
Credit: Blue Valet

The service will be offered at Brussels-Midi station as well as at Zaventem airport. In France, it is available in 15 stations and 8 airports. In April 2017, the start-up had raised 2 million euros to extend its solution.

#DataBreach: Data breach at a Chinese partner of Accor, a suspect arrested

AFP – The Shanghai police announced that they had arrested a suspect in a case of personal data leakage at the Chinese hotelier Huazhu Group, listed on the Nasdaq and partner of the French group AccorHotels. The 30-year-old man stole information from customers of establishments managed by the company, then tried to resell it on foreign websites, authorities said in a statement Wednesday evening.

1605267149 310 INSIDERS Eventbrite sees its share jump nearly 60 for its

Huazhu, one of the industry’s heavyweights in China, contacted police in August to report that his data was being sold online. The news had been covered by the Chinese and international press. The hotelier said in a statement Monday that “the suspect tried to use the repercussions of the affair to extort and blackmail the company, without success.” According to the Chinese press, the stolen data includes information from identity documents, files, names, telephone numbers and even email addresses of customers.

Shanghai police said the investigation was continuing. Huazhu claims to manage more than 3,000 hotels in more than 370 cities in China. Among them are establishments of the Ibis and Mercure brands, belonging to AccorHotels.

The sale of personal information is common in China. However, a new cybersecurity law requires companies to store their customers’ data in China. The latter are supposed to have to give their agreement before any sharing of contact details. Chinese e-commerce giant Alibaba was reprimanded by Beijing in early 2018 for its “inadequate” collection and security practices. Users of Alipay, China’s leading electronic payment platform, operated by Ant Financial and affiliated with Alibaba , had noticed that they had been enrolled without their knowledge in a financial rating service with data sharing with third parties.