StubHub IPO Lawsuits Intensify as Firms Urge Investors to Seek Lead Role Before Jan. 23

Investors have until Jan. 23, 2026 to ask the court to be lead plaintiff in early S.D.N.Y. cases alleging IPO disclosure failures.

Overview

New notices on Dec. 29–30 from DJS Law Group, Portnoy, Rosen, Kessler Topaz, and Robbins Geller invite IPO purchasers to contact the firms and move for lead-plaintiff appointment by Jan. 23, 2026.
The complaints filed in the Southern District of New York claim StubHub’s registration statement failed to disclose changes in vendor-payment timing that significantly depressed free cash flow, including trailing‑12‑month metrics.
A Robbins Geller filing captioned Salabaj v. StubHub Holdings, Inc., No. 25-cv-09776 (S.D.N.Y.), names the company, certain executives, directors, and IPO underwriters under the Securities Act of 1933.
StubHub reported Q3 2025 free cash flow of negative $4.6 million and weaker operating cash, and the stock fell about 21% on Nov. 14 after the disclosures.
No class has been certified and the allegations are unproven, and investors may seek lead-plaintiff status or remain absent class members without affecting potential recovery.