StubHub IPO

Rosen Law filed a securities class‑action for investors who bought StubHub (NYSE STUB) in its September 2025 IPO, alleging the registration statement misrepresented vendor‑payment timing and free‑cash‑flow, inflating valuation. The firm will work on a contingency basis, inviting shareholders to join via a portal; a lead plaintiff must be named by Jan 23 2026. No class is yet certified. The case underscores disclosure risks for fintech platforms and may prompt tighter SEC cash‑flow reporting requirements.

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.