Ticket Marketplace
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StubHub IPO Expected to Price at $23.50, Reaching $8.6 Billion Valuation
StubHub priced its IPO at $23.50 per share, valuing the company at approximately $8.6 billion. Shares will trade on the NYSE under the ticker “STUB” starting Wednesday. Founded in 2000 and reacquired by co-founder Eric Baker in 2020, StubHub’s IPO follows delays and market volatility. First-quarter revenue increased 10% year-over-year to $397.6 million, with a net loss of $35.9 million. The IPO’s performance will be a key indicator of investor confidence in the event ticket marketplace.
