StubHub Announces Launch of Initial Public Offering
StubHub (NYSE:STUB) has launched its Initial Public Offering (IPO) roadshow, offering 34,042,553 shares of Class A common stock. The company expects to price shares between $22.00 and $25.00 each, with an additional 30-day option for underwriters to purchase up to 5,106,382 shares.
The leading global secondary ticketing marketplace has applied to list on the New York Stock Exchange under ticker symbol STUB. J.P. Morgan and Goldman Sachs are leading the offering as joint book-running managers, supported by several other financial institutions including BofA Securities and Evercore ISI.
StubHub (NYSE:STUB) ha avviato il roadshow per la sua offerta pubblica iniziale (IPO), proponendo 34.042.553 azioni di azioni ordinarie di classe A. La società prevede di fissare il prezzo tra $22,00 e $25,00 per azione, con un’opzione aggiuntiva di 30 giorni per gli underwriter per acquistare fino a 5.106.382 azioni.
Il principale marketplace globale per la rivendita di biglietti ha richiesto la quotazione al New York Stock Exchange con il simbolo STUB. J.P. Morgan e Goldman Sachs guidano l’offerta come joint book-running managers, supportati da altri istituti finanziari tra cui BofA Securities ed Evercore ISI.
StubHub (NYSE:STUB) ha iniciado su roadshow para la oferta pública inicial (OPI), ofreciendo 34.042.553 acciones de acciones ordinarias clase A. La empresa espera fijar el precio entre $22,00 y $25,00 por acción, con una opción adicional de 30 días para los colocadores para comprar hasta 5.106.382 acciones.
El principal mercado secundario global de entradas ha solicitado cotizar en la New York Stock Exchange bajo el símbolo STUB. J.P. Morgan y Goldman Sachs lideran la oferta como joint book-running managers, con el apoyo de otras entidades financieras como BofA Securities y Evercore ISI.
StubHub (NYSE:STUB)가 기업공개(IPO) 로드쇼를 시작하며 클래스 A 보통주 34,042,553주를 공모했습니다. 회사는 주당 가격을 $22.00~$25.00로 책정할 예정이며, 인수단이 추가로 30일간 최대 5,106,382주를 매수할 수 있는 옵션을 보유합니다.
글로벌 2차 티켓 마켓플레이스 선두 기업인 이 회사는 티커 심볼 STUB로 뉴욕증권거래소 상장을 신청했습니다. J.P. Morgan과 Goldman Sachs가 공동 주간사로 제공을 주도하며, BofA Securities와 Evercore ISI 등 여러 금융기관이 이를 지원합니다.
StubHub (NYSE:STUB) a lancé sa présentation pour l'introduction en bourse (IPO), proposant 34 042 553 actions ordinaires de classe A. La société prévoit de fixer le prix entre 22,00 $ et 25,00 $ par action, avec une option supplémentaire de 30 jours pour les teneurs d'ordres leur permettant d'acheter jusqu'à 5 106 382 actions.
La principale place de marché secondaire mondiale pour les billets a demandé sa cotation à la New York Stock Exchange sous le symbole STUB. J.P. Morgan et Goldman Sachs dirigent l'offre en tant que co-bookrunners, soutenus par plusieurs autres établissements financiers, dont BofA Securities et Evercore ISI.
StubHub (NYSE:STUB) hat seinen IPO-Roadshow gestartet und bietet 34.042.553 Aktien der Stammaktien der Klasse A an. Das Unternehmen beabsichtigt, den Preis zwischen $22,00 und $25,00 je Aktie festzulegen, mit einer zusätzlichen 30-Tage-Option für die Underwriter, bis zu 5.106.382 Aktien zu erwerben.
Der führende globale Sekundärmarkt für Eintrittskarten hat die Notierung an der New York Stock Exchange unter dem Tickersymbol STUB beantragt. J.P. Morgan und Goldman Sachs führen das Angebot als gemeinsame Bookrunnermanager an, unterstützt von weiteren Finanzinstituten wie BofA Securities und Evercore ISI.
- Potential to raise between $748.9M to $851.1M from initial offering
- Strong underwriting team led by top-tier investment banks
- Established market position as a leading global ticketing marketplace
- Additional capital raise potential through 30-day underwriter option
- Dual-class stock structure could limit public shareholders' voting power
- Competitive pressure in the ticketing industry may affect growth
- Market volatility could impact final pricing and investor demand
Insights
StubHub's IPO launch signals significant market expansion for the ticketing giant with potential $850M-$977M capital raise at $22-$25 per share.
StubHub has officially launched its roadshow for an initial public offering of 34,042,553 shares of Class A common stock, with an additional 5,106,382 shares potentially available to underwriters. At the announced price range of
The ticket marketplace has applied to list on the NYSE under the ticker "STUB" and has assembled a strong consortium of underwriters led by J.P. Morgan and Goldman Sachs as joint book-running managers. This lineup of financial heavyweights signals institutional confidence in the offering.
This IPO represents a significant milestone for the secondary ticketing market. StubHub's decision to go public provides investors with exposure to the live events ecosystem, which has demonstrated strong recovery following pandemic disruptions. The company's marketplace model benefits from the network effects between buyers and sellers of tickets, creating high barriers to entry for competitors.
The size and pricing of this offering suggest StubHub is positioning itself as a mature business ready for public market scrutiny. The dual-class stock structure (referencing Class A shares) likely indicates the company's founders or current owners will maintain significant control even after going public, a common approach for tech-enabled marketplace businesses looking to execute long-term strategies while accessing public capital.
StubHub has applied to list its Class A common stock on the New York Stock Exchange under the ticker symbol "STUB."
J.P. Morgan and Goldman Sachs & Co. LLC are acting as lead joint book-running managers for the proposed offering. BofA Securities, Evercore ISI, BMO Capital Markets, Mizuho, TD Cowen, Truist Securities and Wolfe | Nomura Alliance are acting as additional joint book-running managers. Citizens Capital Markets, Oppenheimer & Co., Wedbush Securities and PNC Capital Markets LLC are acting as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About StubHub
StubHub is a leading global secondary ticketing marketplace for live events. Through StubHub in
Contact
Alix Anfang and Jessica Roey
pr@stubhub.com
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SOURCE StubHub
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