Accessibility StatementSkip Navigation STUB Investors with Losses Encouraged to Contact Hagens Berman SAN FRANCISCO, Dec. 1, 2025 /PRNewswire/ -- Ticket resale giant StubHub Holdings, Inc. (NYSE: STUB) is facing a proposed securities class action stemming from its highly anticipated initial public offering just weeks before it released disappointing third-quarter results. Hagens Berman is investigating whether StubHub's IPO materials were misleading and urges investors in StubHub who purchased or otherwise ...

Core Viewpoint - StubHub Holdings, Inc. is facing a proposed securities class action due to allegations of misleading information in its IPO materials, coinciding with disappointing third-quarter results shortly after the IPO [1][3]. Group 1: IPO Details - The class action lawsuit, Salabaj v. StubHub Holdings, Inc., seeks to represent investors who acquired shares during the IPO on September 17, 2025, where approximately 34 million shares were issued at $23.50 each [2]. - The lawsuit is based on claims that the IPO documents contained untrue statements and failed to disclose significant adverse trends affecting the company's operations [3]. Group 2: Financial Performance - StubHub reported a negative free cash flow of $4.6 million for Q3 2025, representing a 143% decline from the previous year [8]. - Net cash provided by operations fell to $3.8 million, marking a 69% decrease year-over-year [8]. - Following the Q3 results announcement on November 13, 2025, StubHub's stock price dropped approximately 20%, closing at $14.87, which is over 36% below the IPO price [6]. Group 3: Investigation and Allegations - Hagens Berman is investigating whether StubHub's IPO materials misled investors regarding the company's market opportunities and growth prospects [7]. - The investigation focuses on whether known adverse trends were disclosed, which, when revealed, resulted in a loss of over $1 billion in market capitalization [8][9].