Ticketing platform SeatGeek joins other startups in turning to private markets for funding at a lower valuation after postponing plans to go public
SeatGeek Inc. has raised $238 million privately from investors including Wellington Management Co. after recentlywith a special-purpose acquisition company that would have taken the ticketing platform public, company officials said.
The funding round adds to a string of private investments in fast-growing, unprofitable startups at valuations that are lower than previously expected when the companies were exploring public listings. Many companies are seeking after delaying their public listings during this year’s stock market volatility, which has hammered technology shares.
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