Ticket giant StubHub (STUB US) applies for listing, U.S. IPO market welcomes warm spring.

StubHub Holdings, a ticket sales platform, has submitted an initial public offering (IPO) application to the U.S. Securities and Exchange Commission. The company plans to list on the New York Stock Exchange under the ticker symbol "STUB". The offering size and pricing terms have not been disclosed. StubHub has also released its latest financial information. The data shows that StubHub had a revenue of $1.77 billion in 2024, with a loss of $2.8 million, compared to a revenue of $1.37 billion in 2023 and a net profit of $405 million. The company's adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for 2024 were $299 million, showing a decrease compared to the previous year. Reports indicate that StubHub had prepared for an IPO last year after the successful ticket sales for Taylor Swift's "Eras" world tour, but the company postponed the plan due to unfavorable market conditions. CEO Eric Baker, one of the co-founders of StubHub, left the company before it was sold to eBay in 2007 for $310 million. Baker later founded Viagogo in Europe. In 2019, Viagogo agreed to acquire StubHub for $4.05 billion. The deal was completed the following year, and the merged company continues to operate under both names. According to StubHub's website, the ticket resale business operates in over 200 countries through its ticket platforms StubHub and Viagogo. The IPO is being led by JPMorgan and Goldman Sachs, with participation from over 10 other banks. IPOX CEO Josef Schuster said, "StubHub is following in the footsteps of well-known companies like CoreWeave and Klarna in submitting for listing, indicating a warming up of the IPO market in the U.S. Companies see the opportunity to go public." He also stated, "StubHub remains one of the most anticipated IPOs this year and leading up to the 2026 World Cup."