SeatGeek IPO

Summary*

SeatGeek, a mobile ticketing marketplace founded in 2009, is exploring the possibility of going public. The company provides a platform for fans to buy and sell tickets to various live events, including sports, music, and theater. With headquarters in New York, SeatGeek has grown to become a significant player in the e-commerce and events ticketing industry.

Recent reports suggest that SeatGeek is taking steps towards a potential initial public offering (IPO). The company is said to be holding early discussions with investors this week, led by Morgan Stanley. These "test the waters" meetings are aimed at gauging investor interest and receptiveness to a possible IPO.

SeatGeek's financial performance has been strong in recent quarters, with revenue reportedly growing by approximately 70% year-over-year. This growth has been attributed to a boom in live concerts and events. While the company is not yet profitable, it expects to achieve profitability by next year, according to a person familiar with the company's financials.

However, the success of SeatGeek's potential IPO is not guaranteed. The company is entering a market that has seen mixed results from recent high-profile tech listings, including Instacart, Arm, and Klaviyo. Investors' willingness to pay premium prices for IPOs remains uncertain in the current economic climate.

As SeatGeek continues to explore its options for going public, the company's strong revenue growth and path to profitability may be attractive to potential investors. However, market conditions and investor sentiment will play crucial roles in determining the timing and success of any future IPO. Investors and industry observers will be closely watching SeatGeek's next moves as it navigates the complex process of potentially becoming a publicly traded company.

How to invest in SeatGeek

While SeatGeek's IPO prospects remain uncertain, investors eager to gain exposure to the ticketing and live entertainment technology sector don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the event ticketing and entertainment technology space. Our platform allows you to diversify your portfolio with lower minimum investments in promising companies before they go public, potentially benefiting from their growth and innovation in the evolving live event industry.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.