Investor Drive to Lead StubHub IPO Lawsuit Ramps Up Ahead of Court Deadline

Overview

• Plaintiffs in Salabaj v. StubHub Holdings, Inc. in the Southern District of New York allege the IPO registration statement omitted the impact of changes in vendor‑payment timing on free cash flow.
• Rosen Law Firm, Glancy Prongay & Murray, Hagens Berman, and Kessler Topaz issued fresh calls for IPO investors to come forward and to move for lead‑plaintiff appointment.
• StubHub’s November 13 filing reported third‑quarter 2025 free cash flow of negative $4.6 million and net cash from operations of $3.8 million, citing payment‑timing changes to vendors.
• The stock fell 20.9% to close at $14.87 on November 14 after the disclosure and later traded as low as $10.31, well below the $23.50 IPO price.
• No class has been certified and the allegations remain unproven as firms continue investigations and solicit potential claimants.