SeatGeek Taps Citigroup, Wells Fargo for IPO

Seatgeek

Ticket seller SeatGeek has added major banks to its team for a planned initial public offering expected to occur later this year, according to sources familiar with the matter.

The company is collaborating with Citigroup Inc. (NYSE:C), Wells Fargo & Co. (NYSE:WFC), and Morgan Stanley (NYSE:MS) to manage the listing, aiming for a valuation surpassing the $1.35 billion figure agreed upon in a 2021 deal to go public via a blank-check company, which was later canceled.

SeatGeek has not made a final decision, and details of the IPO could still change, the sources indicated, requesting anonymity due to the private nature of the information.

Representatives for SeatGeek, Citigroup, and Wells Fargo declined to comment, while a Morgan Stanley spokesperson was unavailable for immediate comment.

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

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

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