StubHub Files Registration Statement for Proposed Initial Public Offering

Rhea-AI Summary

StubHub, a leading global secondary ticketing marketplace for live events, has filed a registration statement with the SEC for a proposed Initial Public Offering (IPO) of its Class A common stock. The company plans to list on the New York Stock Exchange under the ticker symbol 'STUB'.

While the specific number of shares and price range are yet to be determined, the company has appointed multiple financial institutions to manage the offering. J.P. Morgan and Goldman Sachs will serve as lead joint book-running managers, with additional support from institutions including BofA Securities, Evercore ISI, BMO Capital Markets, and others.

Positive

• Filing for IPO indicates potential access to public capital markets
• Strong lineup of prestigious investment banks as underwriters
• Position as a leading global secondary ticketing marketplace

Negative

• Undetermined offering size and price range creates uncertainty
• Potential dilution for existing shareholders
• Registration statement not yet effective, indicating possible delays

Insights

Financial Analyst

StubHub's IPO filing marks a significant milestone in the secondary ticketing industry. As a leading global marketplace for live event tickets, StubHub is positioning itself to capitalize on public market funding after previously being acquired by Viagogo for $4 billion in 2020.

The company has assembled an impressive lineup of underwriters, with J.P. Morgan and Goldman Sachs leading the offering, followed by eight additional joint book-running managers. This extensive banking syndicate suggests expectations for substantial investor interest and indicates the scale of the offering.

While the filing lacks critical details like offering size, valuation targets, and financial performance metrics, the NYSE listing application under ticker "STUB" signals confidence in meeting exchange requirements. Investors should watch for the preliminary prospectus to evaluate StubHub's revenue growth, profitability metrics, market share position against competitors like SeatGeek and Vivid Seats, and post-pandemic recovery trajectory.

The timing of this filing suggests management believes market conditions are favorable despite recent IPO market volatility. The live events sector has shown strong post-pandemic recovery, potentially making this an opportune moment for StubHub to access public capital markets and provide liquidity for existing shareholders.

NEW YORK, March 21, 2025 /PRNewswire/ -- StubHub Holdings, Inc. ("StubHub"), a leading global secondary ticketing marketplace for live events, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.

StubHub has applied to list its Class A common stock on the New York Stock Exchange ("NYSE") under the ticker symbol "STUB."

J.P. Morgan and Goldman Sachs & Co. LLC  will act 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 will act as additional joint book-running managers. Citizens Capital Markets, Oppenheimer & Co., Wedbush Securities and PNC Capital Markets LLC will act 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, 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.

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. 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.

Contacts

Ash Spiegelberg and Darren McDermott
StubHub@brunswickgroup.com

View original content:https://www.prnewswire.com/news-releases/stubhub-files-registration-statement-for-proposed-initial-public-offering-302408295.html

SOURCE StubHub

FAQ

When is StubHub (STUB) expected to go public?

StubHub has filed its S-1 registration statement on March 21, 2025, but the exact IPO date will be determined once the SEC declares the registration statement effective.

What stock exchange will StubHub (STUB) be listed on?

StubHub has applied to list its Class A common stock on the New York Stock Exchange (NYSE) under the ticker symbol 'STUB'.

Who are the lead underwriters for StubHub's IPO?

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

How many shares will be offered in StubHub's IPO?

The number of shares to be offered and the price range for the proposed IPO have not yet been determined.