Online Ticketing Company StubHub Resumes Plans for IPO
Ticketing marketplace StubHub is back to eyeing the public markets.
The company originally filed plans to go public in March, but ended up hitting pause on its plans in April after President Trump announced plans for sweeping tariffs. Now it is planning to conduct its initial public offering in September, according to CNBC, which cited an updated SEC filing.
StubHub will make its debut later in September after kicking off its IPO roadshow after Labor Day, sources told CNBC. The San Francisco-based company will list on the New York Stock Exchange under the ticker STUB.
In an updated prospectus, StubHub revealed that its revenue grew 10% year over year in the first quarter to $397.6 million. However, its net loss increased — to $35.9 million from $29.7 million a year ago.
The U.S. tech IPO scene has been picking up as of late, and overall, market reception has been positive.
Shares of San Francisco-based design software provider Figma soared 250% in first-day trading on July 31, an indication that the tech IPO market is alive and very enthusiastic.
And on Aug. 7, shares of Cedar Park, Texas-based Firefly Aerospace closed up 34% in first-day trading, demonstrating that there’s investor appetite for a new opportunity in space tech.
We’ve also seen large, well-received debuts from CoreWeave, Circle Internet Group, Chime and others.
Related reading:
Illustration: Dom Guzman
Read More
Global Unicorn Count Tops 1,600, With 13 Additions In July
Enterprise GenAI Startup Cohere Confirms $500M Raise At $6.8B Valuation And Taps Ex-Meta VP As New AI Chief
Online Ticketing Company StubHub Resumes Plans for IPO
Ticketing marketplace StubHub is back to eyeing the public markets.
The company originally filed plans to go public in March, but ended up hitting pause on its plans in April after President Trump announced plans for sweeping tariffs. Now it is planning to conduct its initial public offering in September, according to CNBC, which cited an updated SEC filing.
StubHub will make its debut later in September after kicking off its IPO roadshow after Labor Day, sources told CNBC. The San Francisco-based company will list on the New York Stock Exchange under the ticker STUB.
In an updated prospectus, StubHub revealed that its revenue grew 10% year over year in the first quarter to $397.6 million. However, its net loss increased — to $35.9 million from $29.7 million a year ago.
The U.S. tech IPO scene has been picking up as of late, and overall, market reception has been positive.
Shares of San Francisco-based design software provider Figma soared 250% in first-day trading on July 31, an indication that the tech IPO market is alive and very enthusiastic.
And on Aug. 7, shares of Cedar Park, Texas-based Firefly Aerospace closed up 34% in first-day trading, demonstrating that there’s investor appetite for a new opportunity in space tech.
We’ve also seen large, well-received debuts from CoreWeave, Circle Internet Group, Chime and others.
Related reading:
Illustration: Dom Guzman
Read More
Global Unicorn Count Tops 1,600, With 13 Additions In July