The media published information according to which the ticketing software company StubHub intends to raise more than $1 billion in an initial public offering (IPO) of shares.
Journalists, citing anonymous insiders, claim that the mentioned company discussed with bankers the possibility of launching an IPO in the present year. Currently, the negotiation process is at an early stage. This means that the company’s initial plans may change significantly.
StubHub did not respond to a media request for comment on the insider information.
Journalists also claim that the firm informed the attendees of the investor meeting this week that its gross ticket sales increased by almost 50% in the last three months of 2024.
Through StubHub in the US and viagogo internationally, the company operates in more than 200 countries and territories, 33 languages, and 48 currencies.
In July, the media reported that the company had delayed its planned IPO. It’s worth noting that at that time, many other firms also made similar decisions amid the unpredictability of the market.
Before adjusting its timing, StubHub had filed confidentially with the United States Securities and Exchange Commission (SEC) and planned to make the paperwork public in July. At that time, the company was reportedly considering a valuation of about $16.5 billion for its IPO. This information was made public by the media.
Currently, the IPO sector is showing a gradual recovery. Many companies have become more optimistic about the prospects of their plans related to the listing.
As we have reported earlier, Klarna Targets $15 Billion IPO Valuation.
