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StubHub Updates IPO Filing Submitted in March
PYMNTS.comยท 2025-08-11 23:36
Company Overview - StubHub plans to launch its initial public offering (IPO) in September, with a roadshow expected to start after Labor Day [2][3] - The company has updated its IPO filing with the SEC, indicating a potential return to the market after previously pausing its plans due to stock market turmoil [3][6] Financial Performance - For the quarter ended March 31, StubHub reported a net loss of $35.9 million on revenue of $397.6 million, compared to a net loss of $29.7 million on revenue of $360.1 million a year earlier, indicating higher losses and revenue [4] IPO Details - StubHub filed a registration statement on Form S-1 with the SEC for its proposed IPO, planning to list its Class A common stock on the NYSE under the ticker symbol STUB, but has not yet determined the number of shares or price range for the offering [5] - The company is looking to raise over $1 billion in its IPO [6] Market Context - Investment banks expect IPO activity to increase in the second half of the year, driven by reduced market volatility and regulatory easing [7]