Ticket Reseller StubHub Files for IPO

StubHub, which applied to database its communal banal connected the NYSE nether the ticker "STUB," said successful its prospectus that it sold much than 40 cardinal tickets connected its marketplace successful 2024, with Gross Merchandise Sales (GMS) of $8.68 billion, up 27% year-over-year.

In its Form S-1 filing with the U.S. Securities and Exchange Commission (SEC), StubHub reported a 2024 nett nonaccomplishment of $2.8 cardinal connected gross of $1.77 billion. In 2023, the institution recorded a nett of $405.2 cardinal connected gross of $1.37 billion, it said.

Last July, StubHub reportedly delayed filing for an IPO due to the fact that of anemic marketplace conditions. At the time, The Wall Street Journal said a idiosyncratic adjacent to the woody called it a "tricky time" for companies to spell public, and that that the institution had been looking to person a astir $16.5 billion market valuation done the offering.

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