The StubHub logo can be found at its headquarters in San Francisco.
Andrej Sokolow | Photo Alliance | Getty Images
StubHub is aiming to raise $851 million in its initial public offering, giving it a valuation of up to $9.2 billion, the company revealed in a new submission on Monday.
According to filing, the ticket resale market is expected to sell more than 34 million shares, priced at between $22-25 per share.
The much-anticipated IPO comes after StubHub hit paused in the April process as the stock market was shaking from President Donald Trump’s sweeping tariffs. The company also focused on IPOs last year, but postponed its efforts to July 2024 amid slowing down the IPO market.
StubHub is scheduled to trade on the New York Stock Exchange under the symbol “Stub.”
The IPO market has bounced back in recent months, with its recent debut from a Peter Tiel-backed cryptocurrency exchange strongdesign software company Figma And cryptocurrency Round.
Swedish purchase provider Klarna has paid off the loan and Gemini, a crypto company founded by Cameron and Tyler Winklevoss, is preparing for its public debut this week.
StubHub filed its IPO prospectus last month, showing that first quarter revenues rose 10% from the previous year to $397.6 million. Operating profit was $206.8 million over that period.
The company’s net losses increased to $35.9 million from $29.7 million the previous year.
The company has been a long-time player in the ticketing industry since its launch in 2000. It was purchased by eBay for $310 million in 2007, but was re-acquired by co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo.
CNBC reported previously that StubHub had sought a $16.5 billion valuation before starting the IPO process.
