Core Insights - StepStone Group has made a significant investment in StubHub, acquiring nearly 7.6 million shares valued at approximately $127.3 million, which represents 59.9% of its reportable U.S. equity assets as of September 30 [2][3][10] Company Overview - StubHub is a leading technology platform in the secondary ticketing industry, facilitating transactions for sports, concerts, theater, and live events across more than 200 countries [6][9] - The company generates revenue primarily through transaction fees charged to buyers and sellers for each ticket sold on its platform [9] - As of the latest market close, StubHub's share price is $13.95, with a market capitalization of $5.1 billion and a revenue of $1.8 billion for the trailing twelve months (TTM) [4][6] Financial Performance - StubHub reported gross merchandise sales of $2.4 billion, an 11% increase year-over-year, with revenue rising 8% to $468 million [11] - Adjusted EBITDA increased by 21% to $67 million, with margins expanding to 14%, indicating improved operating leverage [11] - The company used IPO proceeds to reduce debt by approximately $750 million, lowering net leverage to 3.9 times trailing adjusted EBITDA, which strengthens its balance sheet [12] Market Position - StubHub's competitive advantage lies in its broad international reach and established brand, positioning it as a key player in the global event ticket resale market [6] - The secondary ticketing market is cyclical and sentiment-driven, but demand for live events has shown resilience even amid tightening discretionary spending [10]

Core Viewpoint - Class action lawsuits have been filed against several publicly-traded companies, alleging misleading statements and failures to disclose critical information that affected shareholders during specified class periods [1]. Group 1: Freeport-McMoRan Inc. (NYSE: FCX) - The class period for Freeport-McMoRan is from February 15, 2022, to September 24, 2025, with a lead plaintiff deadline of January 12, 2026 [2]. - Allegations include failure to ensure safety at the Grasberg Block Cave mine, leading to heightened risks for workers and potential regulatory and reputational consequences [2]. Group 2: Perrigo Company plc (NYSE: PRGO) - The class period for Perrigo is from February 27, 2023, to November 4, 2025, with a lead plaintiff deadline of January 16, 2026 [3]. - The complaint claims significant underinvestment in the infant formula business acquired from Nestlé, requiring substantial capital expenditures beyond stated estimates, resulting in overstated financial results [3]. Group 3: StubHub Holdings, Inc. (NYSE: STUB) - The class period for StubHub is from its September 2025 IPO, with a lead plaintiff deadline of January 23, 2026 [4]. - Allegations include misleading statements regarding changes in vendor payment timing, adversely affecting free cash flow and misrepresenting the company's financial health [4]. Group 4: Alexandria Real Estate Equities, Inc. (NYSE: ARE) - The class period for Alexandria is from January 27, 2025, to October 27, 2025, with a lead plaintiff deadline of January 26, 2026 [5]. - The complaint alleges that the company overstated the value of its life-science properties and downplayed declining occupancy stability, leading to materially misleading statements about its business prospects [5].

NEW YORK, Dec. 12, 2025 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP notifies investors in StubHub Holdings, Inc. ("StubHub Holdings, Inc." or the "Company") (NYSE: STUB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of StubHub Holdings, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registra ...

RADNOR, Pa., Dec. 12, 2025 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that a securities class action lawsuit has been filed against StubHub Holdings, Inc. (“StubHub”) (NYSE: STUB) on behalf of those who purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Offering Documents”) issued in connection with StubHub’s September 2025 initial public offering. The lea ...

Core Viewpoint - The litigation against StubHub Holdings, Inc. centers on allegations of material misstatements and omissions in the Offering Documents related to its September 2025 IPO, particularly concerning undisclosed trends affecting Free Cash Flow [2][3][7] Group 1: Allegations and Legal Context - The lawsuit claims that StubHub failed to disclose known trends, events, or uncertainties that negatively impacted its Free Cash Flow, a critical liquidity metric for investors [2][3] - The complaint alleges violations of the Securities Act of 1933, which mandates transparency for newly public companies, asserting that the Registration Statement was materially flawed due to undisclosed vendor payment trends [3][7] Group 2: Financial Impact - The alleged omissions led to a significant decline in market capitalization, with Q3 2025 results showing a Free Cash Flow of negative $4.6 million, representing a 143% decline from the previous year [7] - This financial revelation caused the stock price to drop significantly below the IPO price, resulting in compensable damages for investors who acquired shares during the IPO [7] Group 3: Investor Actions and Next Steps - Investors in StubHub who purchased shares during the IPO and suffered losses are encouraged to contact the law firm Hagens Berman for potential lead plaintiff status in the class action lawsuit [1][5] - The deadline for investors to seek appointment as lead plaintiff is January 23, 2026 [6]

NEW YORK, Dec. 12, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in StubHub Holdings, Inc. ("StubHub Holdings, Inc." or the "Company") (NYSE: STUB) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of StubHub Holdings, Inc. investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased or otherwise acquired StubHub common stock pursuant and/or traceable to the registratio ...

Core Viewpoint - The lawsuit against StubHub Holdings, Inc. alleges that the company misled investors during its September 2025 IPO by failing to disclose known trends affecting its Free Cash Flow, leading to significant financial losses for investors [2][3][7]. Group 1: Allegations and Legal Context - The litigation centers on claims that StubHub's IPO Offering Documents contained material misstatements and omissions regarding vendor payment trends that negatively impacted liquidity [2][3]. - The lawsuit alleges violations of the Securities Act of 1933, which mandates transparency for newly public companies, asserting that the Registration Statement was flawed due to undisclosed vendor payment trends [3][7]. - The complaint highlights that the failure to disclose adverse changes in vendor payment timing directly affected the company's liquidity [7]. Group 2: Financial Impact - Following the IPO, StubHub reported a Free Cash Flow of negative $4.6 million for Q3 2025, representing a 143% decline from the previous year, which corrected market perceptions of the company's financial health [7]. - The lack of disclosure regarding financial trends led to a significant drop in the stock price, resulting in compensable damages for investors who acquired shares during the IPO [7]. Group 3: Investor Actions and Next Steps - Investors who purchased StubHub shares during the IPO and suffered losses are encouraged to contact the law firm Hagens Berman for potential recovery [5][6]. - The deadline for investors to seek appointment as lead plaintiff in the class action lawsuit is January 23, 2026 [1][6].

Core Viewpoint - StubHub Holdings, Inc. is facing a securities fraud class action lawsuit due to alleged misleading information in its IPO offering documents, particularly regarding free cash flow and vendor payment timing [2][3]. Group 1: Lawsuit Details - The lawsuit is on behalf of investors who purchased securities during StubHub's September 2025 IPO, claiming the company failed to disclose significant changes affecting free cash flow [2]. - Allegations include that the changes in vendor payment timing had a substantial adverse impact on free cash flow, leading to materially misleading reports [2]. Group 2: Financial Impact - In its first earnings report post-IPO on November 13, 2025, StubHub reported a free cash flow of negative $4.6 million for Q3 2025, a 143% decrease from the previous year's positive $10.6 million [3]. - Following this earnings report, StubHub's stock price dropped by $3.95 per share, approximately 21.0%, from $18.82 to $14.87 [3]. - By November 24, 2025, the stock price further declined to $12.01, nearly 50% below the IPO price of $23.50 per share [4].

NEW YORK, Dec. 11, 2025 (GLOBE NEWSWIRE) -- The Gross Law Firm issues the following notice to shareholders of StubHub Holdings, Inc. (NYSE: STUB). Shareholders who purchased shares of STUB during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/stubhub-holdings-inc-loss-submission-form/?id=180010&from=3 CLASS PERIOD: Thi ...

Group 1 - Kuehn Law is investigating potential breaches of fiduciary duties by officers and directors of StubHub Holdings, Inc. [1] - A federal securities lawsuit alleges that insiders at StubHub misrepresented or failed to disclose significant changes affecting the company's cash flow and vendor payments [2] - The lawsuit claims that these misrepresentations led to materially misleading reports on free cash flow and positive statements about the company's business prospects [2] Group 2 - Shareholders who purchased STUB before October 1, 2025, are encouraged to contact Kuehn Law for potential legal action [3] - Kuehn Law covers all case costs and does not charge clients, emphasizing the importance of timely action for shareholders [3] - The firm highlights the significance of shareholder participation in maintaining the integrity of financial markets [4]