Company Overview - StubHub completed its initial public offering (IPO) by selling 34 million shares at $23.50 each, raising approximately $800 million [2][3][6] - The company's shares began trading under the ticker "KLAR" at $25.35 but closed at $22.17, slightly below the IPO price [2][6] - StubHub's market capitalization is approximately $8.3 billion, with 373 million shares outstanding post-IPO [3] Financial Use of Proceeds - The funds raised from the IPO will primarily be used to pay down debt, as stated by CEO Eric Baker [3][6] Market Context - The IPO market is experiencing a resurgence, with 2025 seeing the highest funds raised since 2021, a record year [4] - StubHub's IPO is part of a busy market that includes recent listings from companies like Klarna and Gemini [6] Company Strategy - CEO Eric Baker expressed optimism about being a public company, highlighting benefits in partnerships, consumer awareness, and talent attraction [4]

Company Overview - StubHub priced its IPO at $23.50 per share, raising $800 million and achieving an $8.6 billion valuation [1] - The company sold 34 million shares, with the share price falling within the expected range of $22 to $25 [2] - StubHub processed over 40 million ticket sales across 200 countries last year, covering various events [2] Financial Performance - StubHub's revenue increased by 29.5% in 2024, reaching $1.77 billion [3] - Sales grew by 10% in Q1 2024, totaling $397.6 million [3] - The company reported a net loss of $22.2 million in Q1 2024 and a net loss of $2.8 million for the entire year [3] Market Context - The IPO occurs amid a resurgence in the market for new offerings, with seven large IPOs last week, the busiest since 2021 [5] - StubHub estimates the global market for ticket sales and related services exceeds $700 billion, indicating significant growth potential [6] - The company faces competition from major players like TicketMaster and smaller firms such as Vivid Seats and SeatGeek [7] Regulatory Environment - The ticket market is under scrutiny from regulators, particularly regarding fees and automated systems that resell tickets at higher prices [7] - The FTC is investigating TicketMaster's efforts to combat automated ticket reselling, which may impact StubHub indirectly [7]

Company Overview - StubHub, an online ticket reseller, successfully completed its IPO on September 17, 2025, with shares opening at $25.35 after pricing at $23.50, raising $800 million [1] - The company is now trading under the ticker symbol "STUB" [1] Market Context - The IPO is part of a broader trend of tech offerings as the market recovers from previous downturns, with other companies like Klarna and Gemini also recently debuting [2] - The market has seen a resurgence with several tech firms, including Bullish, Figma, and Circle, entering the public market in recent months [2] Historical Transactions - StubHub has undergone significant changes in ownership, initially being acquired by eBay for $310 million in 2007 and later reacquired by co-founder Eric Baker in 2020 for approximately $4 billion through Viagogo [3]

Core Insights - The ongoing trend of initial public offerings (IPOs) continues with a significant IPO taking place today, specifically for the ticket reseller giant StubHub [1] Group 1 - StubHub is a major player in the ticket resale market, indicating strong investor interest in the company's public offering [1] - The IPO is closely watched, suggesting that market participants are keen on the performance and potential valuation of StubHub [1]

Core Viewpoint - StubHub is preparing for an IPO with a valuation of $8.6 billion, reflecting a 7% decrease from previous estimates, amidst various business challenges and competitive pressures [3][10]. Company Overview - Founded in 2000, StubHub operates a marketplace for live event tickets, selling over 40 million tickets from at least 200 countries in 2024 [6]. - The company has experienced ownership changes, initially sold to eBay for $310 million in 2007 and later repurchased by co-founder Eric Baker for $4 billion in 2020 [8]. Financial Performance - For the first half of 2025, StubHub's revenue grew by 3% to $828 million, a significant slowdown from a 30% growth in 2024 [7]. - The company reported a net loss of $76 million in the first half of 2025, a 217% increase in losses compared to previous periods [7]. Valuation and Market Position - StubHub's IPO valuation has fluctuated, with attempts to go public at $16.5 billion in 2024 and a recent target of $9.2 billion, which was reduced by 7% [10]. - The company faces a potential valuation drop to between $4 billion and $6 billion within 12 months due to regulatory and competitive pressures [5]. Business Challenges - StubHub is facing significant consumer complaints regarding high fees and poor customer service, with a Net Promoter Score of -100 and an F rating from the Better Business Bureau [13]. - Regulatory scrutiny is increasing, particularly concerning "junk fees" and all-in pricing, which could impact revenue models and growth [13]. - The company carries $2.38 billion in long-term debt, leading to high leverage ratios that may pressure financial stability [13]. - StubHub's dual-class share structure allows CEO Eric Baker to retain 90% voting control, raising concerns about shareholder interests [13]. - Compared to rivals, StubHub is considered overvalued at 4.9 times its 2024 revenue of $1.77 billion, while competitors like Vivid Seats trade at 0.59 times revenue [13].

Company Overview - StubHub has successfully raised $800 million from its initial public offering (IPO) after pricing the deal at the midpoint of a marketed range [2][4] - The company sold 34 million shares at $23.50 each, with a price range set between $22 and $25, valuing StubHub at approximately $8.8 billion [3][4] - StubHub plans to start trading on the New York Stock Exchange under the symbol "STUB" [3] Market Context - The IPO market is experiencing a resurgence, with funds raised in 2025 already surpassing those in previous years, marking the highest level since 2021 [3][4] - Recent IPOs, including those from Klarna and Gemini, have shown positive market performance, although the track record of recent listings has been mixed compared to earlier months [4]

Company Overview - StubHub's stock fell 6.4% on its first trading day, closing below its IPO price of $23.50 per share, with a market valuation of approximately $8.1 billion after raising around $800 million from the sale of over 34 million shares [1][2] - The company plans to use the proceeds from its IPO to pay down debt and for general corporate purposes [2] Business Performance - StubHub reported a 3% increase in revenue to $827 million in the first half of 2025 compared to the same period in 2024, indicating a slowdown in revenue growth after a 29% increase in 2024 [4] - The ticket marketplace has facilitated the purchase of over 40 million tickets in 2024, with buyers from more than 200 countries and territories [2] Industry Context - The ticketing industry, including StubHub, has faced criticism for hidden fees and inflated prices, with legal actions taken against the company in Washington, D.C., Pennsylvania, and New York [5] - Ticket prices for concerts and sporting events have risen significantly, with a 5.2% increase in 2024 following a 6.8% rise in 2023, outpacing overall inflation trends [6] Competitive Landscape - StubHub is one of the largest platforms for secondary ticket sales, competing with companies like SeatGeek and Vivid Seats [3]

Alarm firm Verisure Plc announced it's planning to raise about 3.1 billion ($3.7 billion) via an initial public offering in Stockholm, a highly anticipated listing that could be Europe's largest such deal in three years. Founded in 1988 in Sweden, the company develops monitored security systems for households and small businesses in Europe and Latin America. Speaking on Bloomberg Television, CEO Austin Lally says the offering will take place in the "next few weeks." ...

Core Viewpoint - The Ether Machine is advancing its plans to go public through a merger with SPAC Dynamix Corporation, having filed a draft registration statement with the SEC [1][3]. Group 1: Merger Details - The filing was submitted on Form S-4 and pertains to the proposed merger with Dynamix Corporation, which trades on Nasdaq under the ticker ETHM [3]. - The merger is expected to close in Q4, pending shareholder approval at Dynamix's upcoming extraordinary general meeting [3]. Group 2: Financial Growth and Reserves - The Ether Machine has rapidly increased its ETH reserves, adding 150,000 ETH in August, bringing total holdings to 495,362 ETH [4]. - The total ETH holdings are currently valued at approximately $2.16 billion, making the company the third-largest corporate holder of Ethereum [8]. - The company has raised over $800 million from institutional and strategic investors, with a significant contribution of 169,984 ETH valued at around $741 million from co-founder Andrew Keys [5][8]. Group 3: Future Prospects - The Ether Machine has approximately $367.1 million available for further acquisitions, assuming no shareholder redemptions [6]. - The company initially aimed to raise over $1.5 billion and has adjusted its fundraising strategy while maintaining a substantial stockpile of Ethereum [5].

Accessibility StatementSkip Navigation NEW YORK, Sept. 16, 2025 /PRNewswire/ -- StubHub Holdings, Inc. ("StubHub"), a leading global secondary ticketing marketplace for live events, today announced the pricing of its initial public offering of 34,042,553 shares of its Class A common stock at a public offering price of $23.50 per share. In addition, StubHub has granted the underwriters a 30-day option to purchase up to an additional 5,106,382 shares of its Class A common stock at the initial public offering ...