"StubHub Holdings, the secondary ticketing marketplace, just threw its hat back in the ring to list on the New York Stock Exchange (NYSE) after postponing its initial public offering (IPO) plans earlier this year. According to a September 8 filing with the Securities and Exchange Commission (SEC), the company is now eyeing a valuation of around $9 billion. In the filing, StubHub reported that it plans to offer just over 34 million shares of Class A stock for an estimated price of between $22 and $25 per share."
""The box office was a dead end, and he had no idea who to call for help," the SEC filing recalls in a section on the company's history. "Should he canvas the streets around Times Square and hope to find someone with a 'tickets for sale' sign? With no clear answers, he found himself at the mercy of an opaque market." To solve this problem, Baker founded StubHub at a time when secondary ticketing existed only as a fragmented offline market."
StubHub refiled for an IPO with a September 8 SEC filing, targeting a roughly $9 billion valuation. The company plans to offer just over 34 million Class A shares at an estimated $22 to $25 per share and expects to list on the NYSE under the ticker STUB. A source indicated a listing could occur as early as next week. StubHub paused earlier IPO plans in July amid tariff worries and a cooling market but resumed amid renewed investor interest after recent high-profile listings. StubHub reports selling over 40 million tickets to buyers in more than 200 countries in 2024.
Read at Fast Company
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