StubHub IPO Investors Face Jan. 23 Lead-Plaintiff Deadline in Securities Case

Overview

• Shareholder firms Hagens Berman, The Gross Law Firm, and Kirby McInerney are urging purchasers of StubHub’s September 2025 IPO shares to seek lead-plaintiff status by January 23, 2026.
• The pending class action targets investors who bought stock pursuant to or traceable to the IPO registration statement and prospectus.
• Notices cite claims that StubHub failed to disclose shifts in the timing of payments to vendors that materially affected liquidity and trailing-12-month free cash flow.
• StubHub reported free cash flow of negative $4.6 million on November 13, 2025, a 143% year-over-year decline, after which the stock fell about 21% in one day and later traded as much as 56% below the $23.50 IPO price.
• Hagens Berman is inviting potential whistleblowers with non-public information to come forward, noting possible awards under the SEC Whistleblower program.