StubHub Holdings, which provides an online marketplace for event tickets, filed on Friday with the SEC for an initial public offering that we estimate could raise $1 billion.
StubHub operates a global secondary ticketing marketplace for live events, operating under the brand StubHub in North America and viagogo internationally. The company states that it has 84% aided brand awareness in the US. In 2024, buyers from over 200 countries and territories purchased over 40 million tickets from over 1 million sellers on its marketplace. The company leverages its centralized technology and operations to reach buyers and sellers across the globe, supporting 33 languages and accepting payments in 48 currencies.
The New York, NY-based company was founded in 2000 and booked $1.8 billion in revenue for the 12 months ended December 31, 2024. It plans to list on the NYSE under the symbol STUB. StubHub Holdings filed confidentially on November 8, 2021. J.P. Morgan, Goldman Sachs, BofA Securities, and Evercore ISI are the joint bookrunners on the deal. No pricing terms were disclosed.
