StubHub reported a significant revenue increase of 29.5% in its 2024 U.S. IPO paperwork, indicating a rise to $1.77 billion from $1.37 billion. This surge is primarily attributed to higher ticket sales ahead of major events. However, the company also reported a loss of $2.8 million for the year, a stark contrast to the previous year's profit. StubHub joins other companies pursuing public listings as part of a recovering IPO market, with plans to list on the New York Stock Exchange under the symbol 'STUB.'
StubHub's filing follows on the recent filings of other high-profile deals set to go public soon, including CoreWeave and Klarna. This indicates a recovering U.S. IPO market with owners seeing a window of opportunity to go public, said IPOX CEO Josef Schuster.
StubHub remains one of the most closely watched IPOs this year and ahead of FIFA 2026.
StubHub's revenue jumped to $1.77 billion in 2024, compared with $1.37 billion a year earlier, thanks to higher ticket sales.
StubHub, one of the biggest secondary ticketing marketplaces for live events, will sell new shares in the proposed offering, it said.
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