StubHub Files $9.2 Billion IPO

Benzinga

StubHub is officially going public at a potential $9.2 billion valuation, offering over 34 million shares priced between $22–$25 under the ticker STUB. The IPO comes after two delays, with Q1 revenue up 10% to $397 million but losses widening to $35.9 million. Originally bought by eBay for $310 million, StubHub was later reacquired for $4 billion by its co-founder Eric Baker.

Transcript

00:00StubHub's finally going public at a possible $9.2 billion valuation.

00:05They're planning to sell over 34 million shares priced between $22 and $25,

00:10under the ticker STUB on the New York Stock Exchange.

00:13This IPO got delayed twice, first back in July 2024 when listings cooled,

00:18then again in April 2025 when Trump's tariffs shocked the market.

00:23Q1 revenue rose 10% to just over $397 million,

00:27operating income was $26.8 million, but net loss widened to $35.9 million.

00:33Remember, eBay bought StubHub for $310 million,

00:36and co-founder Eric Bakers Viagogo had to shell out about $4 billion to take it back.

00:43Hot market, rising losses, big brand.

00:46Would you buy StubHub at this price or sit it out?

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