StubHub, a leading online ticketing marketplace, has reported a significant 29.5% revenue growth in 2024, according to its U.S. initial public offering (IPO) filing. The company’s shares will be listed on the New York Stock Exchange under the symbol “STUB.” The IPO comes as several high-profile companies, including Nvidia-backed startup CoreWeave and Swedish fintech Klarna, gear up for their own NYC listings.
StubHub’s revenue jumped to $1.77 billion in 2024, driven by higher ticket sales. However, the company swung to a loss of $2.8 million in 2024, compared with a profit of $405.2 million in 2023. The IPO follows on the recent filings of other high-profile deals set to go public soon.
StubHub’s marketplace allows fans to buy tickets for live events, with over 40 million tickets sold globally in 2024. The company was founded in 2000 and has tapped over 10 Wall Street banks for its IPO. J.P. Morgan and Goldman Sachs are the lead underwriters, with proceeds expected to be used to repay debt and for general purposes.
The news comes as several companies navigate market volatility and uncertainty around U.S. trade policy.
Source: https://www.reuters.com/markets/deals/ticketing-marketplace-stubhub-files-us-ipo-2025-03-21