As China's economic growth declines, some analysts say Beijing may have to spend more on infrastructure, adding to concerns about high debts.China Economyread more
U.S. President Donald Trump said Tuesday that Washington and Beijing have a long way to go on trade, adding that America could place tariffs on an additional $325 billion...Asia Marketsread more
"The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited," Jim Cramer says.Mad Money with Jim Cramerread more
John Paul Stevens, who served on the Supreme Court for nearly 35 years and became its leading liberal, has died.Politicsread more
The largest U.S. banks are scrutinizing members of the Federal Reserve for any insight into how the central bank will tinker interest rates.Banksread more
The U.S. and China restarted their trade talks, but signs are showing a comprehensive deal could be a long way off, if it happens at all.Marketsread more
The WTO ruling recognized that the United States had proved that China used state-owned enterprises to subsidize and distort its economy. But the U.S. must accept Chinese...World Economyread more
Facebook's cryptocurrency project has already been met with skepticism from policymakers around the world.Technologyread more
Stone, 66, a notorious Republican political operative who has described himself as a "dirty trickster," had previously been dressed down by the judge for his public remarks...Politicsread more
Delta is gathering more data from customers than ever in hopes of avoiding customer service problems and increasing customer satisfaction, its CFO says.At Workread more
The Biden team's second-quarter Federal Election Commission filing shows that the campaign wrote a check of just over $5,300 on June 28 to Sheehan Associates for "strategic...2020 Electionsread more
Online ticketing company Eventbrite soared as much as 70 percent in its stock market debut Thursday.
Shares opened at $36 and climbed as high as $39.30 before ending the session 59 percent up at $36.50.
The company priced shares at $23 on Wednesday, at the high end of its range, nudging its implied valuation above $1.76 billion as it raised $230 million. The stock trades on the New York Stock Exchange under the ticker symbol "EB."
Eventbrite joins a growing pool of tech companies to hit the market this year, including consumer companies Spotify and Dropbox and business software providers DocuSign, Zuora and Domo. With its first-day gains, Eventbrite's IPO is one of the biggest opening-day pops in recent months.
"We really are focused on investing in the future, and so whether that's expanding into more categories or countries, that's really where we're focused," Eventbrite CEO Julia Hartz told CNBC's "Squawk Alley. " "I think that we've proven that we can be great stewards of capital, so we're going to keep doing that."
The company, founded 12 years ago by Julia and Kevin Hartz, reported a $15.6 million loss for the first half of the year when it filed its initial prospectus last month. On Sept. 7, the company estimated that it would price shares at $19 to $21, and on Tuesday the company raised the estimated range to $21 to $23.
Eventbrite charges creators for the tickets people buy to attend events. Last year more than 203 million tickets were issued through the service.
"I think the appetite for a platform like Eventbrite that serves the mid-market of events, ticketing 3 million events last year, is something that's quite rare and I think the appetite is reaffirming for us that we have a strong business and decades more to go," Hartz said.
Tiger Global owns 21 percent of Eventbrite, Sequoia Capital owns 20 percent of the shares, and the Hartzs own a combined 17 percent.
Goldman Sachs led the offering, along with J.P. Morgan, Allen & Co. and RBC Capital Markets.
—CNBC's Ari Levy and Waverly Colville contributed to this report.