Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against StubHub Holdings, Inc. due to allegations of misleading information in its registration statement during its IPO on September 17, 2025, and is encouraging affected investors to come forward [4][6]. Group 1: Legal Investigation and Class Action - A federal securities class action has been filed against StubHub, with a deadline of January 23, 2026, for investors to seek the role of lead plaintiff [4]. - The complaint alleges that the registration statement was materially false and/or misleading, failing to disclose significant adverse facts about the company's business and operations [6]. - The firm is also encouraging anyone with information regarding StubHub's conduct to contact them, including whistleblowers and former employees [11]. Group 2: Financial Performance and Stock Impact - StubHub's IPO on September 17, 2025, involved the sale of approximately 34 million shares at $23.50 per share [6]. - Following the announcement of third-quarter financial results on November 13, 2025, StubHub reported a free cash flow of negative $4.6 million, a 143% decrease from the previous year's positive $10.6 million [7]. - The company's stock price fell by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025, after the negative financial news [8]. - By the time of the legal action, StubHub's stock had declined nearly 56% from its IPO price, trading as low as $10.31 per share [9].
SHAREHOLDER ALERT: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of StubHub