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Eventbrite Pushes Off IPO With More Funding at $1 Billion Valuation

As Fortune reported this morning, the ticketing site Eventbrite has raised $60 million at a $1 billion valuation from Tiger Global and T. Rowe Price, which invested the same amount about a year ago. Eventbrite, which just overhauled its platform to introduce reserved seating, said in a statement that it “chose to accept the funding” when it was offered because it was the responsible thing to do.

This article originally appeared on Recode.net.