StubHub Announces Pricing of Initial Public Offering

Rhea-AI Summary

StubHub (NYSE:STUB) has announced the pricing of its Initial Public Offering, offering 34,042,553 shares of Class A common stock at $23.50 per share. The company has also granted underwriters a 30-day option to purchase up to an additional 5,106,382 shares.

Trading is set to commence on the New York Stock Exchange on September 17, 2025, under the ticker symbol "STUB". The offering is expected to close on September 18, 2025. J.P. Morgan and Goldman Sachs are serving as lead joint book-running managers, with several other prominent financial institutions participating as additional book-runners and co-managers.

Positive

• IPO could raise approximately $800 million at the set price of $23.50 per share
• Strong lineup of reputable underwriters including J.P. Morgan and Goldman Sachs
• Additional upside potential through 30-day option for 5.1M additional shares

Negative

• Potential dilution for existing shareholders
• Market volatility risks associated with newly public companies
• Competitive pressures in the secondary ticketing market

Insights

Financial Markets Specialist

StubHub's IPO pricing at $23.50/share for 34M shares indicates strong market valuation for the ticketing marketplace.

StubHub has priced its initial public offering at $23.50 per share, with 34,042,553 shares of Class A common stock being offered. This pricing implies an initial capital raise of approximately $800 million (excluding the additional option granted to underwriters). The ticketing marketplace has also provided underwriters with a 30-day option to purchase an additional 5,106,382 shares, which could increase the total capital raised by about $120 million if fully exercised.

The company will begin trading on the NYSE under ticker symbol "STUB" on September 17, with the offering expected to close the following day. This IPO represents a significant liquidity event for StubHub's existing investors and provides the company with substantial capital for potential expansion, debt reduction, or other strategic initiatives.

The strong lineup of underwriters, led by J.P. Morgan and Goldman Sachs, with participation from eight additional financial institutions as joint book-running managers and four as co-managers, suggests robust institutional interest in the offering. This diverse syndicate typically indicates confidence in the issuer's business model and growth prospects.

For the secondary ticketing industry, this IPO represents a significant vote of confidence in the resale marketplace model, particularly following the pandemic's severe impact on live events. StubHub's successful pricing amid current market conditions suggests investors see substantial long-term value in platforms connecting ticket sellers with buyers for live entertainment experiences.

NEW YORK, Sept. 16, 2025 /PRNewswire/ -- StubHub Holdings, Inc. ("StubHub"), a leading global secondary ticketing marketplace for live events, today announced the pricing of its initial public offering of 34,042,553 shares of its Class A common stock at a public offering price of $23.50 per share. In addition, StubHub has granted the underwriters a 30-day option to purchase up to an additional 5,106,382 shares of its Class A common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the New York Stock Exchange on September 17, 2025 under the ticker symbol "STUB." The offering is expected to close on September 18, 2025, subject to customary closing conditions.

J.P. Morgan and Goldman Sachs & Co. LLC are acting as lead joint book-running managers for the 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 offering.

A registration statement relating to these securities has been filed with and declared effective by the SEC. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; and Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at Prospectus-ny@ny.email.gs.com.

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 North America and viagogo internationally, StubHub services customers in over 200 countries and territories, supporting over 30 languages and accepting payments in over 45 currencies – from sports to music, comedy to dance, festivals to theater. StubHub offers a safe and convenient way to buy or sell tickets to live events across the world for memorable live experiences.

Contact

Alix Anfang and Jessica Roey
pr@stubhub.com

Ash Spiegelberg and Darren McDermott
StubHub@brunswickgroup.com

View original content:https://www.prnewswire.com/news-releases/stubhub-announces-pricing-of-initial-public-offering-302558424.html

SOURCE StubHub

FAQ

What is the IPO price for StubHub (STUB) stock?

StubHub has priced its IPO at $23.50 per share for 34,042,553 shares of Class A common stock.

When will StubHub (STUB) start trading on NYSE?

StubHub shares are expected to begin trading on the New York Stock Exchange on September 17, 2025 under the ticker symbol 'STUB'.

How much money will StubHub raise in its IPO?

At the IPO price of $23.50 per share, StubHub is set to raise approximately $800 million from the initial offering of 34,042,553 shares, excluding the additional option granted to underwriters.

Who are the lead underwriters for StubHub's IPO?

J.P. Morgan and Goldman Sachs & Co. LLC are acting as the lead joint book-running managers for the StubHub IPO.

How many additional shares can StubHub's underwriters purchase?

StubHub has granted its underwriters a 30-day option to purchase up to an additional 5,106,382 shares of Class A common stock at the IPO price.