StubHub, a leading online marketplace for ticket resales, has filed with the Securities and Exchange Commission (SEC) for an initial public offering (IPO). The company aims to list its shares on the New York Stock Exchange under the ticker symbol “STUB”.
The platform allows users to buy and sell concert, game, and other live event tickets, generating revenue primarily through fees paid by buyers and sellers. Founded in 2000, StubHub’s business relies heavily on demand. The company’s recent sales were boosted by Taylor Swift’s Eras tour, with gross merchandise increasing by 14% in 2023. However, some industry experts predict that weakening economic conditions may lead to reduced ticket sales for top artists’ concerts.
Source: https://www.newser.com/story/366063/ticket-marketplace-to-go-public.html