Event ticketing company SeatGeek filed confidentially with regulators this month for an initial public offering, reports The Information, citing people familiar with the matter.
SeatGeek’s planned IPO follows its previous attempt to go public via a SPAC merger with RedBall Acquisition. Both parties agreed to terminate the deal last June due to market conditions. That merger would have valued SeatGeek at $1.35 billion and included investments from Kevin Durant’s Thirty Five Ventures and Utah Jazz owner Ryan Smith.
SeatGeek recently signed a reported $100 million deal to become MLB’s official ticket reseller.
RedBall was a $575 million SPAC sponsored by an affiliate of RedBird Capital Partners under the control of “MoneyBall” figure Billy Beane. The SPAC dissolved last August after failing to secure another deal.
That same month SeatGeek announced it had raised $238 million privately as part of a Series E funding round at a $1 billion valuation. Read more.
