What You Need to Know About StubHub's IPO

Company Overview - StubHub is attempting its third public offering in the U.S., aiming for a valuation that could exceed $9.3 billion [7] - The company plans to sell over 34 million shares at a price range of $22 to $25 each, potentially raising $850 million at the top end [3] - StubHub's market capitalization would be approximately $9.3 billion if the IPO is priced at the highest range [3] Financial Performance - StubHub reported a net loss of $76 million for the first half of 2025 on revenues of $872.9 million, compared to a $24 million loss on revenues of $803.5 million during the same period last year [8] - The company cites "intense competition" as a risk factor, particularly from Ticketmaster operator Live Nation Entertainment, which has a market value nearing $38 billion [8] Market Context - The IPO market has been strong, with U.S. IPOs raising over $40 billion this year, the highest since the same period in 2021 [8] - StubHub's IPO will serve as a test to see if the current IPO boom extends beyond high-profile tech and crypto firms [2][7]