StubHub is seeking to raise up to $851 million in its initial public offering, aiming for a valuation of as much as $9.2 billion, according to a regulatory filing published Monday.
The ticket resale platform plans to offer more than 34 million shares priced between $22 and $25 each. The company will list on the New York Stock Exchange under the ticker symbol “STUB.”
The long-anticipated IPO marks StubHub’s renewed push to go public after delaying its plans in April, citing market volatility triggered by President Donald Trump’s tariff policies. A previous attempt in July 2024 was also shelved amid a broader slowdown in IPO activity.
StubHub’s updated prospectus shows first-quarter revenue rose 10% year-on-year to $397.6 million, while operating income reached $26.8 million. However, net losses widened to $35.9 million from $29.7 million a year earlier.
Founded in 2000, StubHub was acquired by eBay in 2007 for $310 million and later reacquired by co-founder Eric Baker in 2020 for $4 billion through his firm Viagogo. The company had previously sought a valuation of $16.5 billion, CNBC reported.