Business
Vivid Seats Announces Secondary Offering of Class A Common Stock
CHICAGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its
About this update from Vivid Seats Inc.
[{"type":"text","content":"CHICAGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Vivid Seats Inc. (NASDAQ: SEAT) (“Vivid Seats” or the “Company”), a leading marketplace that utilizes its technology platform to connect millions of buyers with thousands of ticket sellers across hundreds of thousands of events each year, today announced that Hoya Topco, LLC (the “selling stockholder”) intends to offer 18,500,000 shares of the Company’s Class A common stock (“Class A common stock”) in a secondary underwritten public offering. The selling stockholder also intends to grant the underwriters a 30-day option to purchase up to an additional 2,775,000 shares of Class A common stock. All of the shares in the proposed offering will be sold by the selling stockholder. The Company will not receive any proceeds from the sale of the shares by the selling stockholder. Citigroup, Morgan Stanley and BofA Securities are serving as joint book-running managers for the proposed offering. The shares are being offered pursuant to a registration statement on Form S-1 (File No. 333-260839), including a prospectus, that was declared effective by the Securities and Exchange Commission (the “SEC”). The proposed offering is being made only by means of a prospectus supplement and the accompanying prospectus and prospectus supplements that form a part of the registration statement. Copies of the preliminary prospectus supplement and accompanying prospectus and prospectus supplements, when available, may be obtained on the SEC’s website, www.sec.gov, or from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 (telephone 800-831-9146); Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attn: Prospectus Department; or BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attn: Prospectus Department or by email at [email protected]. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About Vivid Seats Founded in 2001, Vivid Seats is a leading online ticket marketplace committed to becoming the ultimate partner f...