StubHub, a leading online ticketing service, has filed to go public under the ticker symbol “STUB” on the New York Stock Exchange (NYSE). The company had previously delayed its IPO plans in July due to stagnant market conditions.
In its prospectus, StubHub reported a net loss of $2.8 million on revenue of $1.77 billion for 2024, compared to a profit of $405 million on $1.37 billion in revenue for 2023. The company’s co-founder, Eric Baker, acquired it in 2020 for $4 billion through his new company Viagogo.
StubHub’s marketplace generated over 40 million ticket sales last year from roughly one million sellers. The company’s IPO follows a recent surge in tech IPOs, with other notable listings including CoreWeave, Hinge Health, and Klarna. This marks the first significant venture-backed tech IPO since Rubrik’s debut in April.
StubHub’s listing is part of a broader trend of companies seeking to go public after an extended lull. The market has shown signs of thawing, with cloud software vendor ServiceTitan hitting the market in December and Reddit starting trading on the NYSE earlier this year.
Source: https://www.cnbc.com/2025/03/21/stubhub-files-for-ipo.html