SeatGeek

Ticketing marketplaceUSA

New to Unitard

✂️ Markdown

Peak $1.2 BillionToday

~-29%

from peak

🦄
Became a unicorn
2022
📈
Peak valuation
$1.2 Billion ’22
💔
Became a Unitard
~2022
💸
Last valuation
~$852M

Current status

PitchBook est. $851M (Dec 2025); $1.35B SPAC terminated

The rise & fall

6 moments · 2009–2025

The key moments, with employee sentiment along the way.

2009

Founded as a ticket search engine

Jack Groetzinger and Russ D’Souza build a “Kayak for tickets,” with a Deal Score to rate every seat.

TechCrunch

2022

The peak: ~$1.2B$1.2B

Fresh private capital and third-party marks put the ticket marketplace at its high-water mark even as public markets sour.

CNBC

Jun 2022

SPAC deal called off

SeatGeek and RedBall scrap the $1.35B merger, citing brutal market conditions for newly listed companies.

CNBC

2022

Slips out of the club

With the listing dead, PitchBook's model later marks the still-private company at about $851M (end of 2025), roughly 30% below peak — a fallen unicorn on paper.

CNBC

2022–25

From the inside · Glassdoor reviews, 2022–25

Employee reviews from the years that followed described a company in limbo: reorganizations arriving every few months, often with layoff rounds attached, and stock grants that stayed paper wealth as the hoped-for IPO kept slipping a couple of years out.

Today

Still private — the funds keep marking

Altaba Inc. marks it at $7.33/share · -4% from its peak mark · as of Jun 2026

SEC NPORT-P

💬 entries paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗; dated facts carry their source.

How it happened

SeatGeek is a U.S. ticketing marketplace that reached a ~$1.2B valuation, with a planned SPAC merger valuing it around $1.35B. That deal was terminated in 2022 amid weak market conditions, and PitchBook's model subsequently put the company at about $851M at the end of 2025, roughly 30% below its peak, classifying it as a fallen unicorn while it stayed private.

Mutual-fund markdowns

1 fund · SEC NPORT-P

How U.S. mutual funds fair-value this still-private company in their quarterly SEC filings.

Per-share mark from peak

-4%

Altaba Inc.

$7.62 → $7.33

as of Jun 2026

Source: SEC EDGAR Form NPORT-P (Level-3 fair-value marks). Per-share marks reflect the fund’s own valuation of a specific share class and aren’t a company-wide valuation. Last refreshed Oct 2026.

Source: PitchBook model estimate as of Dec 31, 2025 (CNBC's fallen-unicorn table, Jun 2026), not a priced round