StubHub Targets $851M In IPO As Company Plans To Trade On NYSE

Benzinga

StubHub is targeting up to $851 million in its initial public offering, valuing the company as high as $9.2 billion, according to CNBC. The ticket resale platform plans to list more than 34 million shares priced between $22 and $25 each on the New York Stock Exchange. The long-anticipated IPO follows multiple delays, including last April when markets were shaken by Trump’s tariff policies, and July 2024 when the IPO market slowed. StubHub’s updated IPO prospectus showed first-quarter revenue rose 10% year-over-year to $397.6 million, with operating income of $26.8 million. The company’s net loss widened to $35.9 million from $29.7 million. The listing comes amid a resurgence in IPOs, with recent debuts from Bullish, Figma, and Circle, while Klarna and Gemini prepare to go public this week.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02StubHub is targeting up to $851 million in its initial public offering,

00:06valuing the company as high as $9.2 billion, according to CNBC.

00:10Ticket resale platform plans list more than 34 million shares,

00:13priced between $22 and $25 each on the New York Stock Exchange.

00:17Long-anticipated IPO files multiple delays,

00:20including last April when markets were shaken up by Trump's tariff policies.

00:23In July 2024, when the IPO market slowed,

00:26StubHub's updated IPO prospectus showed first quarter revenue rose

00:2910% year-over-year to $397.6 million,

00:33with operating income of $26.8 million.

00:36The company's net loss winding to $35.9 million from $29.7 million.

00:40Listing comes amid a resurgence in IPOs,

00:42with recent abuse from Bullish, Figma, and Circle,

00:45while Klarna and Gemini prepare to go public this week.

00:47For all things money, visit Benzinga.com.

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