Live Events

StubHub (STUB) debuted on the NYSE, raising $800M with an IPO priced at $23.50, but closed down over 5%. Delayed twice due to market volatility, the IPO follows successful tech debuts like Klarna and Gemini. eBay previously owned StubHub before selling it back to its co-founder via Viagogo. While revenue increased 10% YoY to $397.6M in Q1, net losses widened. StubHub, facing competition from Vivid Seats and Ticketmaster, is also under FTC scrutiny regarding “junk fees” and bot prevention. Madrone Partners was the largest pre-IPO shareholder.

StubHub Holdings, the leading global secondary ticketing marketplace, announced the pricing of its IPO at $23.50 per share, offering over 34 million shares. Trading on the NYSE under “STUB” begins September 17, 2025. J.P. Morgan and Goldman Sachs are leading the offering, which reflects strong investor confidence in the live events sector. StubHub, operating in North America and internationally via viagogo, serves customers globally in multiple languages and currencies, facilitating ticket sales for diverse live events. Its success hinges on navigating competition and leveraging technology.