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Ticketing platform StubHub plans to become a public company with initial stock offering

  • StubHub filed for an initial public offering under the ticker symbol 'STUB,' aiming for a valuation of $16.5 billion.
  • In 2024, StubHub reported a net loss of $2.8 million on revenue of $1.77 billion, highlighting a 29.4% increase from 2023.
  • The company sold over 40 million tickets from more than 1 million unique sellers in 2024, reflecting a gross merchandise sales increase of 27%.
  • Proceeds from the IPO will largely address StubHub's $2.33 billion debt and may also fund product investments or acquisitions.
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CNBC broke the news in United States on Friday, March 21, 2025.
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