Core Insights - The ongoing trend of initial public offerings (IPOs) continues with a significant IPO taking place today, specifically for the ticket reseller giant StubHub [1] Group 1 - StubHub is a major player in the ticket resale market, indicating strong investor interest in the company's public offering [1] - The IPO is closely watched, suggesting that market participants are keen on the performance and potential valuation of StubHub [1]

About this content About Sean Mason Sean Mason is a Senior Journalist at Proactive, having researched and written about Canadian and US equities for 20 years. Sean graduated from the University of Toronto with a BA in history and economics and has also passed the Canadian Securities Course. He previously worked at Investors Digest of Canada, Stockhouse, and SmallCapPower.com. Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and action ...

Core Viewpoint - StubHub is preparing for an IPO with a valuation of $8.6 billion, reflecting a 7% decrease from previous estimates, amidst various business challenges and competitive pressures [3][10]. Company Overview - Founded in 2000, StubHub operates a marketplace for live event tickets, selling over 40 million tickets from at least 200 countries in 2024 [6]. - The company has experienced ownership changes, initially sold to eBay for $310 million in 2007 and later repurchased by co-founder Eric Baker for $4 billion in 2020 [8]. Financial Performance - For the first half of 2025, StubHub's revenue grew by 3% to $828 million, a significant slowdown from a 30% growth in 2024 [7]. - The company reported a net loss of $76 million in the first half of 2025, a 217% increase in losses compared to previous periods [7]. Valuation and Market Position - StubHub's IPO valuation has fluctuated, with attempts to go public at $16.5 billion in 2024 and a recent target of $9.2 billion, which was reduced by 7% [10]. - The company faces a potential valuation drop to between $4 billion and $6 billion within 12 months due to regulatory and competitive pressures [5]. Business Challenges - StubHub is facing significant consumer complaints regarding high fees and poor customer service, with a Net Promoter Score of -100 and an F rating from the Better Business Bureau [13]. - Regulatory scrutiny is increasing, particularly concerning "junk fees" and all-in pricing, which could impact revenue models and growth [13]. - The company carries $2.38 billion in long-term debt, leading to high leverage ratios that may pressure financial stability [13]. - StubHub's dual-class share structure allows CEO Eric Baker to retain 90% voting control, raising concerns about shareholder interests [13]. - Compared to rivals, StubHub is considered overvalued at 4.9 times its 2024 revenue of $1.77 billion, while competitors like Vivid Seats trade at 0.59 times revenue [13].

Group 1: Wearables and IPOs - Meta Platforms (META) is set to unveil new smart glasses named "Celeste" with a built-in display at a retail price of $800 [1] - StubHub (STUB) is going public today after several delays, pricing its shares amid a recovering IPO market in 2025 [1] Group 2: Manufacturing Investments - GSK (GSK) announced a $30 billion investment in R&D and manufacturing in the United States [2] - Eli Lilly (LLY) revealed plans for a new $5 billion production plant in Virginia [2] Group 3: Federal Reserve Insights - Danielle DiMartino Booth discussed significant changes at the Federal Reserve, highlighting the impact of easy credit on consumer spending [2] - The conversation noted the reality of stagflation at the company level, with a margin squeeze being observed [2] Group 4: Retail and Media Developments - Kroger (KR) is reintroducing paper coupons as part of its retail strategy [3] - Paramount Skydance's bid for Warner Bros. (WBD) may take longer than expected [3] - Apollo Global (APO) is exploring the sale of AOL, an internet pioneer [4] Group 5: Technology and Transportation - Baidu (BIDU) shares surged as investors anticipate growth in AI [4] - Waymo is set to test robotaxis at San Francisco International Airport [5] Group 6: Market Updates - In Asia, Japan's market decreased by 0.3%, while Hong Kong increased by 1.8% [6] - In Europe, London saw a slight increase of 0.2%, while Paris decreased by 0.1% [6] - Futures indicate a slight increase in Dow by 0.1%, with S&P flat and Nasdaq down by 0.1% [6]

Company Overview - StubHub has successfully raised $800 million from its initial public offering (IPO) after pricing the deal at the midpoint of a marketed range [2][4] - The company sold 34 million shares at $23.50 each, with a price range set between $22 and $25, valuing StubHub at approximately $8.8 billion [3][4] - StubHub plans to start trading on the New York Stock Exchange under the symbol "STUB" [3] Market Context - The IPO market is experiencing a resurgence, with funds raised in 2025 already surpassing those in previous years, marking the highest level since 2021 [3][4] - Recent IPOs, including those from Klarna and Gemini, have shown positive market performance, although the track record of recent listings has been mixed compared to earlier months [4]

online online ticket platform StubHub. I think they just like scalpers almost, but I've used them. Uh priced its IPO at 2350 per share.That's at the midpoint of the expected range. It's it's all legal and they're not scalpers. They're just a place they allow scalpers to post their tickets.It's like push price to site. I've used and buy tickets. You can go if you want if you want to go if you're willing to pay enough. willing to pay.I have argued in the past that there's certain restaurants where I I've it's ...

Company Overview - StubHub, an online ticket platform, has priced its IPO at $23.50 per share, which is at the midpoint of the expected range [1] - The company is valued at approximately $8.6 billion following its IPO [5] Market Position - StubHub operates as a marketplace that allows scalpers to post tickets, differentiating itself from traditional scalping practices [1] - Shares of StubHub are expected to begin trading on the New York Stock Exchange under the ticker symbol "STUB" [6]

NEW YORK (AP) — StubHub received a lackluster reception on Wall Street Wednesday. The ticket marketplace's stock fell 6.4% from its initial public offering price of $23.50 per share on its first day of trading. The company's shares are trading on the New York Stock Exchange under the symbol “STUB." StubHub offered just over 34 million shares and raised approximately $800 million. At the closing price, the company has a market valuation of about $8.1 billion. StubHub plans to use proceeds from the sale t ...

Core Viewpoint - StubHub Holdings Inc. successfully completed its IPO, raising $800 million at a share price of $23.50, achieving a market valuation of $8.64 billion, marking a significant milestone for the company and its co-founder Eric Baker [1][5]. Group 1: IPO Details - StubHub priced its IPO at the midpoint of its proposed range, selling 34 million shares with a valuation of $8.64 billion based on the IPO price [1]. - The IPO was underwritten by major banks including JPMorgan and Goldman Sachs, with shares expected to begin trading on the New York Stock Exchange under the ticker "STUB" [5]. Group 2: Market Context - The U.S. IPO market has been active, raising approximately $4.7 billion since September 1, excluding SPACs, with several companies experiencing significant stock price increases on their debut [1]. - StubHub's IPO comes amid increased scrutiny of the ticketing industry, particularly regarding practices at Ticketmaster, which is under investigation by the FTC [3]. Group 3: Company Background and Financials - StubHub's IPO follows a long pursuit of going public, initially aiming for a valuation exceeding $13 billion, which was postponed due to unfavorable market conditions [2]. - For the six months ending June 30, StubHub reported revenue of $827.9 million and a net loss of $76 million, compared to $803.5 million in revenue and a net loss of $24 million in the same period last year [5]. - The company is expanding its new ticketing business, which currently represents a small portion of its overall sales, and has secured a multi-year partnership with Major League Baseball [2]. Group 4: Leadership and Ownership Structure - Co-founder Eric Baker, who previously founded Viagogo, retains significant control over StubHub post-IPO, holding 4.2% of Class A common stock and 88.3% of voting power through Class B shares [4]. - Other investors, including Madrone Partners LP and WestCap Management, will hold 2.7% and 1.3% of voting power, respectively, with both having board representation [4].

Core Insights - StubHub has set its IPO price at $23.50 per share, aiming to raise approximately $800 million by issuing 34.04 million shares [1] Company Overview - Founded in 2000, StubHub is a leading platform connecting fans in over 200 countries with their favorite sports events, concerts, and theatrical performances [1] - The company has recently secured a multi-year partnership with Major League Baseball (MLB), further solidifying its leadership position in the live entertainment ticketing sector [1] IPO Details - The IPO is scheduled to begin trading on the New York Stock Exchange on September 17, 2025, under the ticker symbol "STUB" [1] - J.P. Morgan and Goldman Sachs are serving as the lead joint bookrunners for this offering [1]