Class Action Targets StubHub IPO Over Cash-Flow Disclosures

Overview

• Kessler Topaz reports that a securities class action has been filed on behalf of investors who purchased StubHub shares pursuant or traceable to the September 2025 IPO documents.
• The complaint alleges the registration statement omitted shifts in the timing of payments to vendors that significantly reduced free cash flow, including trailing‑12‑month figures, rendering positive statements misleading.
• StubHub’s November 13 quarterly update disclosed negative $4.6 million free cash flow and sharply lower operating cash, after which the stock fell 20.9% on November 14.
• Rosen Law Firm, Kessler Topaz, and Faruqi & Faruqi have issued notices seeking investors and potential lead plaintiffs on a contingency‑fee basis.
• No class has been certified, and investors have until January 23, 2026 to move for lead‑plaintiff status, with eligibility for any recovery not dependent on serving in that role.