Ticketplus, a Latin American live event ticket marketplace and event software provider, raised $15 million by offering 1.9 million shares at $8, the low end of the $8 to $10 range. The company had originally filed to raise $25 million by offering shares at $13 to $15, before it decreased the proposed range on in mid-July.
TicketPlus provides a full-stack event platform for the live entertainment industry in Latin America. The platform covers the end-to-end event lifecycle, including discovery, primary ticketing, access control, payment processing, analytics, and post-event reporting, and serves promoters, venues, sports organizations, and ticketing companies. The company operates through two models: a full-operations model in Chile, where it functions as the primary ticketing platform and manages infrastructure and services directly, and a white-label SaaS model through which it licenses its technology to regional operators who distribute tickets under their own brands. Revenue is generated through a combination of transaction fees and software licensing fees.
The Santiago, Chile-based company will trade on the NYSE American under the symbol TP. Roth Capital, Bancroft Capital, and MDB Capital Group acted as joint bookrunners on the deal.
