StubHub Holdings Inc. has filed for an initial public offering, highlighting its revenue increase but also reporting a small annual loss of $2.8 million for 2024. This contrasts sharply with the prior year's net income of $405 million on $1.37 billion revenue. The company postponed its IPO last year due to market volatility but aims to leverage past success from events like Taylor Swift's tour. The offering is led by JPMorgan Chase & Co. and Goldman Sachs, set to provide additional financial stability in the ticket reseller industry.
StubHub Holdings Inc. filed for an IPO, noting a revenue increase despite a $2.8 million loss in 2024, compared to strong profits in 2023.
After delaying its IPO last year due to market conditions, StubHub now seeks to capitalize on revenue growth from live events like Taylor Swift's The Eras Tour.
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