Core Viewpoint - The law firm Robbins Geller Rudman & Dowd LLP is announcing a class action lawsuit against StubHub Holdings, Inc. for alleged violations of the Securities Act of 1933, related to misleading statements made during its IPO on September 17, 2025 [1][4]. Company Overview - StubHub operates a ticketing marketplace for live event tickets globally and conducted its IPO on September 17, 2025, issuing approximately 34 million shares at an offering price of $23.50 per share [3][4]. Allegations - The class action lawsuit claims that the IPO's offering documents were materially false and misleading, omitting critical information about changes in payment timing to vendors, which adversely affected free cash flow [4]. - The lawsuit highlights that StubHub reported a free cash flow of negative $4.6 million for Q3 2025, representing a 143% decrease year-over-year, and a net cash provided by operating activities of only $3.8 million, a 69.3% decrease [4]. - Following the release of these financial results, StubHub's stock price fell nearly 21%, and by the time the lawsuit commenced, the stock was trading at $10.31 per share, a decline of nearly 56% from the IPO price [5][4]. Legal Process - Investors who purchased StubHub common stock during the IPO have until January 23, 2026, to seek appointment as lead plaintiff in the class action lawsuit [1][6]. - The lead plaintiff will represent the interests of all class members and can select a law firm of their choice for litigation [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is recognized as a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone [7].
STUB INVESTOR NOTICE: Robbins Geller Rudman & Dowd LLP Announces That StubHub Holdings, Inc. Investors With Substantial Losses Have Opportunity to Lead Class Action Lawsuit