Sep. 8 at 7:47 PM
StubHub, the online ticket reseller once owned by eBay, filed to go public with 34M+ shares priced
$22–
$25, valuing the company above
$9.3B and raising $ 850M+. Co-founded by Eric Baker, who controls ~88% of voting stock, StubHub generates nearly all revenue from ticket fees. Revenue reached
$1.8B in 2024 (+30% YoY) but the company remains unprofitable, posting losses of
$2.8M last year and $ 76M in H1 2025.
Competition is strong, with Live Nation/Ticketmaster, SeatGeek, and Vivid Seats also in the secondary ticket market. Investor appetite for IPOs may help, but volatility remains high.
$EBAY $LYV $FIG $STUB