StubHub IPO Lawsuits Near Jan. 23 Lead-Plaintiff Deadline
Filings in New York contend the IPO registration failed to flag vendor‑payment timing shifts that drove free cash flow negative.
Overview
- Rosen Law Firm, Hagens Berman, and The Schall Law Firm are urging September 2025 IPO purchasers to seek lead‑plaintiff status by January 23, 2026.
- Complaints filed in the Southern District of New York allege StubHub’s offering documents omitted known trends related to the timing of payments to vendors.
- StubHub reported on Nov. 13, 2025 that free cash flow fell to negative $4.6 million, a reported 143% year‑over‑year decline primarily linked to vendor‑payment timing changes.
- Following the disclosure, shares fell over 20% in one day and have traded as much as 56% below the $23.50 IPO price, according to investor notices.
- No class has been certified, allegations remain unproven, investors need not be lead plaintiff to participate in any recovery, and one firm highlighted potential SEC whistleblower options.