StubHub has filed an updated S-1, indicating its IPO may proceed next month after being paused in April due to Trump administration tariffs. The IPO could raise $1 billion, according to Renaissance Capital. In 2024, StubHub generated $1.8 billion in revenue and a net loss of $2.8 million. Founder CEO Eric Baker holds a significant amount of Class B shares, giving him control with 90% of the vote.
StubHub, the online ticketing marketplace, has filed an updated S-1, signaling a potential IPO in the coming months. The company initially paused its IPO plans in April due to market volatility caused by Trump administration tariffs. The updated filing includes Q1 2025 results, indicating a renewed push for public listing.
StubHub's IPO could raise up to $1 billion, according to Renaissance Capital's estimates [1]. The company generated nearly $1.8 billion in revenue in 2024 but reported a net loss of $2.8 million. Founder and CEO Eric Baker holds a significant amount of Class B shares, giving him control with 90% of the vote [2].
The IPO market has shown signs of life in recent months, with several startups making their debuts, including Firefly Aerospace, Figma, Circle, and CoreWeave. StubHub's IPO is expected to kick off its roadshow after Labor Day, with a potential public debut later in September.
StubHub faces stiff competition in the online ticketing market, including Ticketmaster and other secondary market companies like Vivid Seats, SeatGeek, and TicketNetwork. The company reported gross merchandise sales (GMS) of $2.08 billion in the first quarter of 2025, up 15% from the previous year [1].
As it prepares for its IPO, StubHub will need to navigate the competitive landscape and demonstrate its ability to generate sustainable growth and profitability.
References:
[1] https://www.cnbc.com/2025/08/11/stubhub-ipo-back-on-for-september-after-company-delayed-plans-in-april.html
[2] https://techcrunch.com/2025/08/12/stubhub-is-once-again-working-on-its-ipo-that-could-raise-1b/
Comments
No comments yet