StubHub IPO Investors Face Final Day to Seek Lead Plaintiff Role in SDNY Securities Suit

Investors who bought shares in the September 2025 offering have a court deadline today to ask to lead the case under the PSLRA.

Overview

Multiple securities class actions in the Southern District of New York challenge StubHub’s IPO disclosures, alleging undisclosed shifts in vendor-payment timing that harmed free cash flow.
On November 13, 2025, StubHub reported third‑quarter free cash flow of negative $4.6 million, which the company said primarily reflected changes in the timing of payments to vendors.
The stock fell about 21% on November 14, 2025 and later traded as low as $10.31, far below the $23.50 IPO price.
The putative class is limited to purchasers of common stock pursuant and/or traceable to the registration statement and prospectus for the September 2025 IPO.
No class has been certified and the allegations remain unproven, and investors who want to shape the litigation must move by January 23, 2026 to be appointed lead plaintiff.