Ticket reseller StubHub has become the latest U.S. company to announce plans for an initial public offering (IPO).
The online platform for reselling tickets to concerts and sporting events plans to go public on the New York Stock Exchange under the ticker symbol “STUB.”
A date for the IPO has not yet been set.
In its IPO filing, StubHub said it had a net loss of $2.8 million U.S. on revenue of $1.77 billion U.S. in 2024.
That compares with a profit of $405 million U.S. and $1.37 billion U.S. in revenue during 2023.
StubHub has been a going concern since 2000 and is viewed as a leading player in the ticket and live event industry.
StubHub was acquired by eBay (EBAY) for $310 million U.S. in 2007, but reacquired by its co-founder Eric Baker in 2020 for $4 billion U.S.
More than 40 million tickets were sold on StubHub’s platform in 2024, according to details in the company’s IPO prospectus.
StubHub’s competitors include Vivid Seats (SEAT) and Live Nation (LYV).
The U.S. IPO market is ramping up, with artificial intelligence company CoreWeave expected to make its market debut by the end of March this year.
Klarna, a buy now, pay later loan company, filed its IPO prospectus earlier in March.
