Last week, ticket marketplace SeatGeek announced that it had filed confidentially for an IPO, becoming the latest company to revamp its path to public markets following a terminated SPAC merger.
In October 2021, SeatGeek announced its plan to go public through a merger with RedBall Acquisition, a SPAC formed by RedBird Capital. The deal implied a $1.35 billion enterprise value for SeatGeek and included a $100 million PIPE led by VC firm and early SeatGeek investor Accel Partners. The merger was called off in June 2022, with the parties citing market conditions.
Following the failed merger...
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