StubHub Investors Face Jan. 23 Deadline in IPO Disclosure Class Action

Overview

• Multiple complaints in the Southern District of New York assert Securities Act claims tied to StubHub’s September 2025 IPO, alleging the Registration Statement omitted known changes in vendor‑payment timing.
• StubHub’s first post‑IPO quarter reported free cash flow of negative $4.6 million, a 143% year‑over‑year decline that the company said primarily reflected payment‑timing shifts, with operating cash flow at $3.8 million.
• The stock fell 20.9% on November 14, 2025 following the disclosure and later traded as low as $10.31, roughly 56% below the $23.50 IPO price.
• Law firms including Hagens Berman, Rosen, Faruqi & Faruqi, Glancy Prongay & Murray, Levi & Korsinsky, Bernstein Liebhard, Kessler Topaz, and Kuehn Law are urging IPO purchasers to seek lead‑plaintiff status by January 23, 2026.
• The litigation is at an early stage with no class certified, the allegations remain unproven, and firms are soliciting investors who bought shares pursuant to or traceable to the IPO as well as potential whistleblowers.