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Vivid Seats was founded in Chicago, Illinois, in 2001 by Jerry Bednyak and Eric Vassilatos.
Its major investors include Vista Equity Partners (2016) and GTCR (2017). GTCR bought a majority stake for a rumored $575 million.
The company went public on October 19, 2021 after a merger earlier in 2021 with Horizon Acquisition Corporation, a SPAC. It trades on Nasdaq as SEAT. Todd Boehly is chairman of Horizon Acquisitions Corporation, which announced that “Eldridge Industries, LLC, an affiliate of Horizon’s sponsor...has entered into an agreement with DraftKings to make a private placement PIPE investment in connection with the closing of the previously announced merger between Horizon and Vivid Seats.”
Vivid Seats closed 2023, its second full fiscal year as a public company, with net income of $74.5 million and revenue of $712.9 million, a 19% increase over FY 2022. In January 2022, the company reported that it had reached its 100 millionth ticket sold.