Core Viewpoint - StubHub Holdings, Inc. is facing a class action lawsuit due to allegedly false statements made during its September 2025 IPO, which misled investors regarding the company's financial health and cash flow situation [3][4]. Company Overview - StubHub Holdings, Inc. operates a global ticketing marketplace for live events through its StubHub and viagogo platforms [1]. Class Action Details - The class action includes shareholders who purchased StubHub common stock linked to the IPO registration statement [2]. - The lawsuit claims that the registration statement was materially false and misleading, omitting critical information about changes in vendor payment timing and its adverse effects on free cash flow [4]. Financial Performance - On November 13, 2025, StubHub reported disappointing Q3 2025 financial results, revealing a free cash flow of negative $4.6 million, a 143% decrease from the previous year's positive $10.6 million [5]. - The company's net cash provided by operating activities fell to $3.8 million, a 69.3% decrease from $12.4 million in the same period last year [5]. - Following the financial announcement, StubHub's stock price dropped by $3.95 per share, or 20.9%, closing at $14.87 on November 14, 2025, and later trading as low as $10.31, nearly a 56% decline from the IPO price of $23.50 [6]. Legal Actions - Shareholders interested in participating as lead plaintiffs in the class action must file their papers by January 23, 2026 [7].
StubHub Holdings, Inc. Stockholders can Lead the Securities Class Action - STUB Investors Should Contact Robbins LLP Today