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StubHub Eyes up to $9 Billion Valuation in US IPO
StubHub aims to raise $851 million through an IPO valuing the company at $9.2 billion, reflecting a 10% revenue growth in Q1 and renewed market optimism.
- On Monday, StubHub Inc. filed for an IPO seeking $851 million by selling more than 34 million shares priced between $22 and $25, planning to list on the New York Stock Exchange as STUB.
- After shelving plans last year, StubHub postponed its IPO in July 2024 amid a weak listing market and had sought a $16.5 billion valuation before the pause.
- Amid the IPO push, the prospectus notes Viagogo's 2020 $4.05 billion acquisition, omitting cofounder Jeff Fluhr and stating Eric Baker will retain 28% voting control.
- MarketWatch notes that shares will likely price and start trading within the next couple of weeks as StubHub files for a $851 million IPO, amid signs of market recovery.
- Looking ahead, StubHub positions itself to blend primary and secondary ticketing with Major League Baseball, but warns results depend on demand for live events; in 2024, over 1 million users sold about 40 million tickets.
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StubHub eyes up to $9 billion valuation in US IPO
Madrone Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its US initial public offering, the ticket reseller said, becoming the latest company to resume listing plans delayed in April due to tariff uncertainty.
·Ireland
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StubHub IPO: Ticket sales platform targets $9 billion valuation in latest high-profile stock listing
StubHub Holdings, the secondary ticketing marketplace, just threw its hat back in the ring to list on the New York Stock Exchange (NYSE) after postponing its initial public offering (IPO) plans earlier this year. According to a September 8 filing with the Securities and Exchange Commission (SEC), the company is now eyeing a valuation of around $9 billion. In the filing, StubHub reported that it plans to offer just over 34 million shares of Class…
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Total News Sources17
Leaning Left4Leaning Right1Center2Last UpdatedBias Distribution57% Left
Bias Distribution
- 57% of the sources lean Left
57% Left
L 57%
C 29%
14%
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