Law Firms Urge StubHub Investors to Seek Lead Role in IPO Suit Ahead of Jan. 23 Deadline

Overview

• Multiple firms, including Kirby McInerney, Kessler Topaz, Levi & Korsinsky, and Johnson Fistel, announced outreach to investors following the filing of a federal securities class action tied to StubHub’s September 2025 IPO.
• The complaint alleges the offering documents omitted that changes in payment timing to vendors significantly depressed free cash flow, rendering disclosures and upbeat statements misleading.
• Kirby McInerney’s notice cites StubHub’s November 13 report of negative $4.6 million in Q3 2025 free cash flow, compared with positive $10.6 million a year earlier.
• The firm also reports the stock fell about 21% on November 14 and traded at $12.01 by November 24, nearly 50% below the $23.50 IPO price.
• Investors who bought shares pursuant or traceable to the IPO have until January 23, 2026 to seek appointment as lead plaintiff, and the allegations remain unproven at this stage.