Core Viewpoint - The litigation against StubHub Holdings, Inc. centers on allegations of material misstatements and omissions in the Offering Documents related to its September 2025 IPO, particularly concerning undisclosed trends affecting Free Cash Flow [2][3][7] Group 1: Allegations and Legal Context - The lawsuit claims that StubHub failed to disclose known trends, events, or uncertainties that negatively impacted its Free Cash Flow, a critical liquidity metric for investors [2][3] - The complaint alleges violations of the Securities Act of 1933, which mandates transparency for newly public companies, asserting that the Registration Statement was materially flawed due to undisclosed vendor payment trends [3][7] Group 2: Financial Impact - The alleged omissions led to a significant decline in market capitalization, with Q3 2025 results showing a Free Cash Flow of negative $4.6 million, representing a 143% decline from the previous year [7] - This financial revelation caused the stock price to drop significantly below the IPO price, resulting in compensable damages for investors who acquired shares during the IPO [7] Group 3: Investor Actions and Next Steps - Investors in StubHub who purchased shares during the IPO and suffered losses are encouraged to contact the law firm Hagens Berman for potential lead plaintiff status in the class action lawsuit [1][5] - The deadline for investors to seek appointment as lead plaintiff is January 23, 2026 [6]