SeatGeek Chooses Citigroup, Wells Fargo for Planned IPO


Ticket vendor, SeatGeek, has retained major investment banks to assist with an initial public offering later this year, unnamed sources have indicated.

The company is working with Citigroup Inc. (NYSE:C), Wells Fargo & Co. (NYSE:WFC), and Morgan Stanley (NYSE:MS) to coordinate the listing, seeking a valuation that exceeds the $1.35 billion agreed upon in a 2021 deal to go public through a special purpose acquisition company (SPAC), which was later terminated.

SeatGeek has not finalized its decision, and details of the IPO could still change, said the sources, who requested anonymity because the information is private.

Spokespeople for SeatGeek, Citigroup, and Wells Fargo declined to comment, while a Morgan Stanley representative was not immediately available for comment.

SeatGeek had considered an IPO as early as this quarter, Bloomberg News previously reported.

Founded in 2009, SeatGeek is a live entertainment technology company that offers an average of 47 million tickets daily. The company collaborates with Major League Baseball, the NFL’s Dallas Cowboys, and the Premier League’s Manchester City Football Club, according to its website.