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Update: Market Chatter: SeatGeek Adds Citigroup, Wells Fargo to Planned Initial Public Offering
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Update: Market Chatter: SeatGeek Adds Citigroup, Wells Fargo to Planned Initial Public Offering
Jun 5, 2024 12:32 PM

03:08 PM EDT, 06/05/2024 (MT Newswires) -- (Updates with responses from SeatGeek and Citi in the last paragraph.)

Citigroup (C) and Wells Fargo (WFC) are among the underwriters for ticket seller SeatGeek's planned initial public offering, expected later this year, Bloomberg reported Wednesday, citing people familiar with the matter.

Morgan Stanley is leading the IPO, targeting a valuation above $1.35 billion, the report said.

The IPO plans are not finalized and may still change, the people told Bloomberg.

SeatGeek and Citi declined to comment, while Wells Fargo and Morgan Stanley did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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