4.64% +0.26

Vivid Seats Inc (SEAT)

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Why is Vivid Seats Inc (SEAT) Stock down?

We've noticed a 6.07% decline in Vivid Seats Inc (SEAT) stock during the 2024-04-30 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

07 Dec, 2023:

Shares of Vivid Seats Inc (SEAT) dropped by 16.95% from $8.14 to $6.76 in the trading on Thursday, December 7, 2023. The reason why SEAT is down today is due to the company's announcement of a secondary offering of 18.5 million Class A common stock shares, with the selling stockholder, Hoya Topco, LLC, intending to sell these shares in a public offering. The company will not receive any proceeds from this sale. Citigroup, Morgan Stanley, and BofA Securities are the joint book-running managers for the offering, which is conducted under a registration statement declared effective by the SEC.