"In a long-awaited move, StubHub (NYSE:STUB), the leading online ticket resale marketplace, priced its initial public offering (IPO) yesterday at $23.50 per share, valuing the company at $8.6 billion. The offering raised $800 million through the sale of approximately 34 million shares, with an option for underwriters to purchase up to 5.1 million more. This debut on the New York Stock Exchange caps years of delays, including pauses in 2024 amid market volatility from tariffs and earlier in 2025 due to economic uncertainty."
"StubHub's financials paint a picture of robust top-line growth but persistent bottom-line pressures. In 2024, revenue soared 29.5% to $1.77 billion, driven by gross merchandise sales (GMS) climbing 27% to $8.7 billion and over 40 million tickets sold across 1 million unique sellers. This momentum continued into the first half of 2025, with revenue up 3% year-over-year to $827.9 million, even as GMS rose 11% to $4.38 billion."
StubHub completed an IPO priced at $23.50 per share, raising $800 million and achieving an $8.6 billion valuation. The listing follows delays in 2024 and early 2025 tied to market volatility and economic uncertainty. StubHub operates in over 200 countries and has expanded from secondary resale into primary ticketing. In 2024, revenue rose 29.5% to $1.77 billion with GMS up 27% to $8.7 billion and over 40 million tickets sold. First-half 2025 results showed modest revenue growth and higher GMS. The company reported a $2.8 million net loss in 2024 and expenses reached $1.63 billion, signaling profitability pressures.
Read at 24/7 Wall St.
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