StubHub Postpones IPO Due to Unstable Market
The ticketing giant delays its public offering until at least September, citing challenging market conditions.
- StubHub aimed for a $16.5 billion valuation but has deferred its IPO plans.
- The company must resubmit financial data to the SEC due to the delay.
- Goldman Sachs and JPMorgan have been advising StubHub on the IPO.
- Competitor SeatGeek is also considering a public listing this year.
- Market conditions have affected several companies' IPO timelines in 2024.
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