Vivid Seats falls on secondary stock offering

Vivid Seats

17/05/2023 18:45

** Shares of digital ticket marketplace Vivid Seats  SEAT.O 
fall 11.3% to $8.48
    ** Hoya Topco LLC intends to offer 16 mln shares of co's
Class A common stock in a secondary public offering
    ** SEAT will not receive any proceeds from sale of shares by
the selling stockholder
    ** Co currently has 195.88 mln shares outstanding -
Refinitiv
    ** Shares ~17% YTD

 (Reporting by Yamini Kalia in Bengaluru)
 ((Yamini.Kalia@thomsonreuters.com))