The relentless march of preliminary public choices continues this week with one other intently watched IPO occurring right now. Sooner or later after the opening bell, ticket reseller big StubHub is anticipated to make its public debut. Right here’s what you have to find out about StubHub’s IPO.
What’s StubHub?
StubHub is a ticket reseller platform that was based in 2000. It focuses on promoting tickets to stay occasions, resembling concert events, performs, and sporting occasions.
Whereas StubHub does promote some tickets on to its customers, nearly all of prospects who purchase tickets on StubHub achieve this from third-party sellers. StubHub is without doubt one of the largest secondary ticketing marketplaces on the earth.
Nevertheless, the corporate just isn’t with out controversy.
In July 2024, StubHub was hit with a lawsuit by the legal professional common of Washington, D.C. The swimsuit alleged that StubHub was engaged in “drip pricing,” the place the corporate advertises low charges for tickets, however then will increase the ultimate value by including on further charges. StubHub stated in a press release on the time that it was dissatisfied within the lawsuit and asserted that its person expertise is “in line with the regulation,” as famous by CNBC.
Whereas StubHub is holding its preliminary public providing right now, this isn’t the primary time the corporate has tried to go public. The corporate was reportedly contemplating an IPO again in 2022 earlier than in the end shelving these plans. Then, in March 2025, the corporate was preparing for an IPO, however put these plans on maintain as markets all over the world tanked as a consequence of President Trump’s Liberation Day tariffs.
At this time, StubHub is lastly anticipated to debut as a publicly traded firm.
StubHub by the numbers
StubHub has been round for 1 / 4 of a century, however because it has been privately held, a lot of its monetary metrics have been unknown.
However as a public firm, its funds will probably be extra of an open ebook, and in preparation for its IPO, as all corporations should, StubHub filed a Kind S-1 registration assertion with the U.S. Securities and Change Fee (SEC), detailing its financials and different metrics.
For 2024, these embody:
- Gross merchandise gross sales (GMS) of $8.7 billion.
- 27% year-over-year GMS progress.
- Greater than 40 million sickets offered.
- Greater than 1 million distinctive sellers are utilizing its platform.
- Consumers originate from greater than 200 nations.
The corporate’s monetary statements additionally present that its income has steadily elevated over the previous three years, rising from $1 billion in 2022 to $1.3 billion in 2023 to $1.7 billion in 2024.
Nevertheless, it had a internet lack of earnings in every of these years, although the online loss in its most up-to-date yr shrank considerably.
In 2022, StubHub reported a internet lack of $260 million, which rose to a internet lack of $405 million in 2023. However in 2024, its internet loss shrank to only $2.8 million.
Based on PitchBook, StubHub has 895 staff as of August 2025.
When is StubHub’s IPO?
StubHub priced its shares on Tuesday. It’s anticipated to listing right now, Wednesday, September 17.
What’s StubHub’s inventory ticker?
StubHub’s inventory will commerce underneath the ticker “STUB.”
What change will StubHub’s shares commerce on?
StubHub shares commerce on the New York Inventory Change (NYSE).
What’s the IPO share worth of STUB?
StubHub priced its shares at $23.50 every. That’s across the mid level of a goal vary of between $22 and $25 per share that was disclosed earlier this month, as Quick Firm beforehand reported.
What number of STUB shares can be found in its IPO?
StubHub is providing 34,042,553 shares of Class A standard inventory in its IPO, based on its press launch.
How a lot will StubHub elevate in its IPO?
StubHub raised round $800 million in its IPO.
How a lot is StubHub value?
As of its IPO share worth of $23.50, StubHub has a valuation of $8.6 billion, notes CNBC.
What else is there to know?
StubHub is simply the most recent firm to have a intently watched IPO in 2025. All year long, many notable corporations have gone public, together with the inventory buying and selling platform eToro, stablecoin firm Circle Web Group, cryptocurrency change Bullish, and simply final week, Purchase Now Pay Later agency Klarna.
