StubHub aims to raise up to $9.2 billion in IPO, pricing at $22 to $25 per share

StubHub is setting its sights on raising up to $851 million through its upcoming initial public offering (IPO), potentially valuing the company at an impressive $9.2 billion. This information was disclosed in a recent filing made public on Monday. The ticket resale platform intends to issue over 34 million shares, with a price range set between $22 and $25 per share. This much-anticipated IPO follows a temporary halt in April, when market volatility stemming from President Donald Trump's tariffs led the company to pause its plans. Although StubHub had previously considered going public last year, it ultimately delayed its initial efforts in July 2024 due to a cooling IPO market. Once the IPO is finalized, StubHub plans to trade on the New York Stock Exchange under the ticker symbol "STUB." The IPO landscape has shown signs of recovery, with notable recent launches such as Peter Thiel-backed Bullish, design software firm Figma, and cryptocurrency company Circle. Additionally, Klarna, a Swedish provider of buy now, pay later services, along with the Winklevoss twins' Gemini, are preparing for their public debuts this week. In its updated IPO prospectus, StubHub reported a 10% increase in first-quarter revenue year-over-year, totaling $397.6 million. However, the company's net loss expanded to $35.9 million from $29.7 million the previous year, while operating income for the period stood at $26.8 million. A significant player in the ticketing market since its inception in 2000, StubHub was acquired by eBay for $310 million in 2007 but was later reacquired by co-founder Eric Baker in 2020 for $4 billion through his new venture, Viagogo. Notably, StubHub had initially sought a valuation of $16.5 billion prior to starting its IPO journey.