Plaintiff Firms Court StubHub IPO Investors as Lead-Plaintiff Deadline Nears

Overview

• A federal securities suit styled Salabaj v. StubHub Holdings, Inc., No. 1:25-cv-09776 (S.D.N.Y.), seeks to represent investors who bought shares in the September 17, 2025 IPO.
• The complaint alleges the registration statement omitted known changes in the timing of payments to vendors that materially affected free cash flow, a metric highlighted to investors.
• StubHub’s November 13 disclosures reported third-quarter 2025 free cash flow of negative $4.6 million and $3.8 million in net cash from operations, attributing the decline primarily to vendor payment timing.
• Following those disclosures, the stock fell 20.9% to $14.87 on November 14 and later traded as low as $10.31, well below the $23.50 IPO price.
• Hagens Berman, Rosen Law, Glancy Prongay, Kessler Topaz, and The Gross Law Firm have issued investor notices seeking lead-plaintiff candidates, and no class has been certified or allegations proven.