Vivid Seats Is Going Public Via SPAC in a Nearly $2B Deal

Although Vivid Seats has been around since 2001, the Chicago-based company is ready to start a new chapter by officially going public.

On Thursday, Vivid Seats announced that it would become a publicly traded company through an acquisition by businessman Todd Boehly’s SPAC, Horizon Acquisition Corp. The deal is expected to provide Vivid Seats with $769 million in gross proceeds, and bring Vivid Seats and Horizon’s combined market cap to about $1.95 billion at closing.

The acquisition is expected to be completed in the second half of 2021.