Vivid Seats Announces Pricing Of A Secondary Underwritten Public Offering Of 18,500,000 Shares Of the Company's Class A Common Stock By Hoya Topco, At a Price To the Public of $6.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Vivid Seats Inc. has announced the pricing of a secondary underwritten public offering of 18,500,000 shares of its Class A common stock. The shares are being sold by Hoya Topco at a price of $6.50 per share to the public.
December 08, 2023 | 11:44 am
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Vivid Seats Inc. (SEAT) has priced a large secondary offering of shares at $6.50 each, which may impact the stock's short term price due to increased supply.
The announcement of a secondary offering often leads to a short term decrease in the stock price due to the dilution of existing shares and the perception of the company potentially needing capital. The pricing of the offering at $6.50 per share will set a benchmark that could influence the market's valuation of the stock in the short term.
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