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Ticket marketplace StubHub slips on the public stage in its trading debut on Wall Street
Yahoo Finance· 2025-09-17 10:35
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]
Verisure IPO to Take Place in 'Next Few Weeks,' CEO Says
Yahoo Finance· 2025-09-17 10:20
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." ...
Ethereum Treasury Firm The Ether Machine Files to Go Public in the US
Yahoo Finance· 2025-09-17 07:56
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].
StubHub Announces Pricing of Initial Public Offering
Prnewswire· 2025-09-16 23:35
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 ...
StubHub to price IPO at $23.50, valuing company at $8.6 billion
CNBC· 2025-09-16 22:57
Core Viewpoint - Online ticket platform StubHub is pricing its IPO at $23.50, resulting in a valuation of $8.6 billion, and will trade on the NYSE under the symbol "STUB" [1] Group 1: Company Background - StubHub was co-founded by Eric Baker in 2000 and was acquired by eBay for $310 million in 2007. Baker reacquired StubHub in 2020 for approximately $4 billion through his new company Viagogo [1] - The company has attempted to go public for several years, delaying its public debut twice, with the most recent delay occurring in April due to market volatility caused by tariffs [2] Group 2: IPO Details - The IPO pricing of $23.50 is at the midpoint of the expected range, and at the top of the range, StubHub would have been valued at $9.2 billion. Initially, the company sought a valuation of $16.5 billion before starting the IPO process [4] - StubHub's updated prospectus indicates that first-quarter revenue increased by 10% year-over-year to $397.6 million, while operating income was $26.8 million. However, the company's net loss widened to $35.9 million from $29.7 million a year ago [4] Group 3: Market Context - The IPO market has recently rebounded after a period of stagnation due to high inflation and rising interest rates, with several companies successfully debuting on the NYSE [3]
Cybersecurity provider Netskope boosts IPO range as it tests tech hotstreak
CNBC· 2025-09-16 17:32
Core Viewpoint - Netskope Inc. is targeting a valuation of $7.3 billion in its upcoming initial public offering (IPO) after increasing its planned price range [1][2] Company Summary - The cybersecurity company plans to sell 47.8 million shares at a price range of $17 to $19 each, potentially raising up to $908 million at the upper end of the range [1] - This price range is an increase from the previous range of $15 to $17 per share, which was associated with a $6.5 billion valuation [2] Industry Context - The planned IPO comes amid a surge in significant cybersecurity deals and a revival in IPO activity following a period of high inflation and interest rates that dampened interest in tech deals [2]
Groww files updated draft papers for around ₹7,000 crore IPO
MINT· 2025-09-16 15:31
Company Overview - Groww has filed an updated draft red herring prospectus with the Securities and Exchange Board of India (Sebi) for an initial public offering (IPO) of approximately ₹7,000 crore, aiming to raise fresh capital of ₹1,050 crore, while ₹5,000-6,000 crore will be from the offer for sale component [1] - The founders own 27.96% of the company and have a 20% lock-in period for one and a half years from the listing date, offering to sell about 0.07% of the total shares in the IPO [2] - The size of the IPO has been reduced from an initial expectation of ₹8,300 crore, reflecting a trend among several companies to lower their issue sizes amid muted investor feedback and lower valuations [3][4] Financial Performance - Groww's profit surged over threefold in FY25 to ₹1,819 crore, compared to ₹545 crore in FY24, with revenue increasing to ₹4,056 crore, marking a 31% rise over FY24 [6] Strategic Moves - In May, Groww signed an agreement to acquire wealth-tech startup Fisdom for around $150 million in an all-cash deal [5] - The company is likely to use the minor primary funding for expanding its margin trade facility, unsecured lending, and wealth management segments, and may explore inorganic growth opportunities in these areas [3] Investment and Valuation - Following funding from GIC, Groww was valued at $7 billion, with a total of $393.3 million raised in funding to date [5][6] - The company had previously announced a $251 million series E round at a $3 billion valuation in October 2021 [6] Corporate Structure - Groww was founded in 2016 and has relocated its parent entity from Delaware, US, to Bengaluru, making Billionbrains Garage Ventures the primary Indian company [7]
Cybersecurity firm Netskope lifts IPO price range, eyes $7.3 billion valuation
Reuters· 2025-09-16 12:27
Cybersecurity firm Netskope raised the proposed price range for its U.S. initial public offering and is now aiming for a valuation of up to $7.26 billion, it said on Tuesday. ...
Black Rock Coffee Bar: Too Hot For My Taste
Seeking Alpha· 2025-09-16 01:00
Group 1 - Black Rock Coffee Bar (NASDAQ: BRCB) has experienced a successful public offering, attracting attention in the coffee bar market with its offerings of both hot and cold drinks [1] - The company operates in selected markets, indicating a targeted approach to its customer base [1] - The investing group "Value In Corporate Events" focuses on identifying opportunities in major corporate events such as IPOs, mergers & acquisitions, and earnings reports, providing coverage of 10 significant events monthly [1]
Canva won’t be listing on the ASX when it does finally go public
The Market Online· 2025-09-16 00:51
Canva’s long-expected IPO won’t be on the ASX, with the Nasdaq composite making “more sense” for the $65 billion software company whenever it finally decides to go public – and even that won’t be anytime soon.Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.“I don’t think it would make sense for us,” Canva co-founder and chief executive Cliff Obrecht said on the ASX listing today. “The majority of our inv ...