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According to sources cited by The Wall Street Journal, event-planning company Eventbrite Inc. has filed a confidential initial public offering with the Securities and Exchange Commission (SEC).

The offering will be led by JPMorgan Chase and Goldman Sachs Group, and the company plans to go public later this year.

The San Francisco-based company was co-founded in 2006 by Kevin Hartz, Julia Hartz and Renaud Visage. Eventbrite’s services are used primarily to notify users about upcoming activities that range from music festivals, parties, and sporting events, to conferences. Since its inception, the company has processed nearly $8 billion in gross ticket sales.

Eventbrite has raised over $350 million in capital, including funds from Tiger Global Management, Sequoia Capital and T. Rowe Price Group. The company was last valued at more than $1 billion in 2014.

The filing that was submitted to the SEC has not been visible to the public due to the fact that Eventbrite has utilized the standard confidential-filing provision that emerged from the Jumpstart Our Business Act. The documents, when unveiled, will reportedly include details regarding the company’s financials during the weeks before its initial stock-market listing.

According to reports from Dealogic, the IPO market has been exceptionally active in 2018, with listings by multiple tech companies like DocuSign Inc. and Dropbox Inc. accounting for the most active first half of the year since 2014.

More: Eventbrite Plans to Go Public Later This Year
Similar: Airbnb Plans to Go Public as Early as 2019
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