Ticket Reseller StubHub Files for IPO

Online ticket-reselling platform StubHub on Friday filed a prospectus for listing on the New York Stock Exchange (NYSE) after reportedly shelving plans for an initial public offering last summer.

StubHub, which applied to list its common stock on the NYSE under the ticker “STUB,” said in its prospectus that it sold more than 40 million tickets on its marketplace in 2024, with Gross Merchandise Sales (GMS) of $8.68 billion, up 27% year-over-year.

In its Form S-1 filing with the U.S. Securities and Exchange Commission (SEC), StubHub reported a 2024 net loss of $2.8 million on revenue of $1.77 billion. In 2023, the company recorded a profit of $405.2 million on revenue of $1.37 billion, it said.

Last July, StubHub reportedly delayed filing for an IPO because of weak market conditions. At the time, The Wall Street Journal said a person close to the deal called it a “tricky time” for companies to go public, and that that the company had been looking to have a roughly $16.5 billion market valuation through the offering.