Core Viewpoint - A class action lawsuit has been filed against StubHub Holdings, Inc. for allegedly misleading investors regarding its IPO registration statement, particularly concerning free cash flow and vendor payment timing changes [1][2]. Group 1: Allegations and Financial Impact - The lawsuit claims that StubHub's registration statement was materially false and misleading, omitting critical information about changes in vendor payment timing and its adverse effects on free cash flow [2]. - StubHub reported a free cash flow of negative $4.6 million for Q3 2025, a 143% decrease from the positive $10.6 million reported in the same quarter the previous year [3]. - The company's net cash provided by operating activities fell to $3.8 million, a 69.3% decrease from $12.4 million in the prior year [3]. Group 2: Stock Performance - Following the release of disappointing financial results, StubHub's stock price dropped by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025 [4]. - By the time the class action commenced, StubHub's stock had declined nearly 56% from its IPO price of $23.50, trading as low as $10.31 per share [4].
Investor Notice: Robbins LLP Informs Investors of the StubHub Holdings, Inc. Securities Class Action