Latin American ticketing platform Ticketplus has reduced the size of its upcoming U.S. initial public offering, lowering both the expected share price and anticipated proceeds as it prepares to list on the NYSE American.

The Santiago, Chile-based company now plans to raise approximately $17 million by offering 1.9 million shares at a price range of $8 to $10 per share. The revised terms replace the company’s earlier proposal to sell 1.8 million shares at $13 to $15 each. At the midpoint of the new pricing range, Ticketplus is expected to generate roughly 33% less in proceeds than previously planned while its fully diluted valuation would decline to approximately $113 million, representing a reduction of about 35% from earlier expectations.

End-to-End Event Technology Platform

Founded in 2014, Ticketplus has developed a comprehensive technology platform serving the live entertainment industry throughout Latin America. The company provides an integrated solution covering the entire event lifecycle, from ticket discovery and sales to venue access, payment processing, analytics, and post-event reporting.

Its customer base includes event promoters, entertainment venues, sports organizations, and ticketing companies seeking digital infrastructure to manage live events more efficiently.

Dual Business Model Supports Regional Expansion

Ticketplus operates through two complementary business models tailored to different markets.

In Chile, the company functions as a full-service ticketing platform, directly managing ticket sales, access control infrastructure, payment processing, and customer support for event organizers.

Outside its home market, Ticketplus expands through a white-label Software-as-a-Service (SaaS) model, licensing its proprietary technology to regional ticketing operators that distribute tickets under their own brands. This asset-light approach allows the company to broaden its geographic reach while generating recurring software licensing revenue.

Revenue is derived from transaction fees generated under its full-service operations as well as recurring licensing fees from SaaS customers.

Financial Performance

For the 12 months ended December 31, 2025, Ticketplus reported $29 million in revenue, reflecting continued demand for digital ticketing and event management solutions across Latin America’s growing live entertainment market.

The company’s integrated platform positions it to benefit from increasing digital adoption among event organizers seeking scalable technology for ticket sales, venue operations, and customer engagement.

IPO Details

Ticketplus intends to list its shares on the NYSE American under the ticker symbol TP. The offering is being led by Bancroft Capital, Roth Capital, and MDB Capital Group, which are serving as the joint bookrunners.

The revised pricing suggests management and its advisors are aligning valuation expectations with current market conditions while maintaining plans to access U.S. public capital markets.

Outlook

The reduction in Ticketplus’ IPO size highlights the cautious environment facing smaller growth companies seeking public listings, particularly in international markets. Despite the lower fundraising target, the company continues to position itself as a regional technology provider benefiting from the digital transformation of the live entertainment industry. Investors will likely focus on Ticketplus’ ability to expand its SaaS licensing business, increase transaction volumes, and strengthen its presence across Latin America’s evolving event technology market.