Overview

• StubHub filed an updated SEC prospectus this week to resume its IPO process, setting an IPO roadshow to begin after Labor Day and a New York Stock Exchange listing in September under the ticker 'STUB'.
• The updated prospectus reports first-quarter revenue of $397.6 million, up 10% year over year, alongside a net loss of $35.9 million compared with $29.7 million a year earlier.
• According to a report, underwriting banks including JPMorgan, Goldman Sachs, Bank of America Securities and Evercore ISI are lined up to back an offering aiming to raise about $1 billion at an estimated $16.5 billion valuation.
• The updated filing omits share count and price range, with StubHub declining to comment publicly on final pricing or timing.
• Originally acquired by eBay in 2007 and reacquired by co-founder Eric Baker via Viagogo in 2020, StubHub faces competition from Ticketmaster and resale platforms including Vivid Seats, SeatGeek and TicketNetwork.