StubHub Holdings filed for an initial public offering on the New York Stock Exchange, aiming to list under the ticker STUB. The company reported $1.77 billion in revenue for 2024 and a net loss of $2.8 million, or $0.91 per share, according to its filing with the U.S. Securities and Exchange Commission.
The online ticketing system claimed to want to grow into related markets like live event experiences and auxiliary services, therefore transcending the sales of secondary tickets. StubHub estimated a total addressable market of $726 billion and noted a change in customer behavior over many decades toward giving experiences top priority above tangible things.
StubHub bills as the biggest worldwide market for live event ticket resale. Supporting 33 languages and 48 currencies, the firm runs in more than 200 nations and territories.
The IPO application brings back prior intentions for a public debut that were shelved in 2024 because of bad market circumstances. There is no established price or debut date for the still early phases of the present selling process.
Eric Baker and Jeff Fluhr, Stanford Graduate School of Business alumni, started StubHub in 2000. Originally operating under Liquid Seats, the business changed its name to StubHub in 2003. eBay (EBAY, Financials) bought it for $310 million in 2007; subsequently, it sold it for $4.05 billion to Viagogo, another firm started by Baker.
The paperwork did not include StubHub's intended IPO raising amount.
