Lead-Plaintiff Deadline Nears in StubHub IPO Class Action

The suits focus on claims that StubHub’s IPO filings failed to flag vendor-payment timing shifts that later drove a sharp free-cash-flow drop disclosed in November.

Overview

Investors who bought shares pursuant or traceable to the September 17, 2025 offering have until January 23, 2026 to seek lead-plaintiff status in the S.D.N.Y. case.
Complaints allege the registration statement omitted known changes in the timing of payments to vendors that materially affected free cash flow, including trailing twelve months figures.
On November 13, 2025, StubHub reported free cash flow of negative $4.6 million, a 143% year-over-year decline, after which the stock fell about 21% and later traded as low as $10.31, roughly 56% below the $23.50 IPO price.
At least one action, Salabaj v. StubHub Holdings, Inc., No. 25-cv-09776 (S.D.N.Y.), names the company, certain executives and directors, and IPO underwriters under Securities Act claims.
Multiple law firms are recruiting IPO purchasers and inviting potential whistleblowers to contact them, and no class has been certified and the allegations remain unproven.