Plaintiffs’ Firms Urge StubHub IPO Investors to Act as Lead‑Plaintiff Deadline Nears
The case centers on allegations that offering documents concealed vendor‑payment timing shifts that coincided with negative free cash flow.
Overview
- A federal securities class action, Salabaj v. StubHub Holdings, Inc. (No. 25‑cv‑09776, S.D.N.Y.), alleges Securities Act violations by the company, certain executives and directors, and IPO underwriters.
- Investors who bought shares pursuant to or traceable to the September 2025 IPO have until January 23, 2026 to seek appointment as lead plaintiff, according to multiple national plaintiffs’ firms.
- Recent notices were issued by Robbins Geller, Glancy Prongay & Murray, The Gross Law Firm, Portnoy Law Firm, Berger Montague, and Levi & Korsinsky soliciting eligible investors.
- StubHub’s September 17, 2025 IPO sold about 34 million shares at $23.50 per share, after which its November 13 disclosure reported quarterly free cash flow of negative $4.6 million and noted the decline primarily reflected changes in the timing of payments to vendors.
- The stock fell about 21% to close at $14.87 on November 14, 2025 and later traded as low as $10.31, while the lawsuit remains at an early stage with allegations unproven and no class certification.