StubHub Goes Public, Targets $9.2B Valuation

StubHub, backed by investment firm Madrone Partners, has filed for an initial public offering (IPO) in the US.

The company expects to raise up to $851 million by selling about 34 million Class A shares priced between $22 and $25 each.

With an anticipated valuation of up to $9.2 billion, this IPO would establish StubHub as one of the largest ticket resale platforms to go public.

Founded in 2000 by Jeff Fluhr and CEO Eric Baker, StubHub operates a ticketing marketplace that services live events worldwide, including sports games, concerts, and theater.

Its main competitors are platforms like Ticketmaster (owned by Live Nation), Vivid Seats, and SeatGeek.

Most recent funding cases in travel include UK’s UnderTheDoormat receiving $7 million from OMRAN Group, Highside Companies securing $500 million from affiliates of Apollo Global Management, and Eve Air Mobility’s $230 million equity raise.

Photo by Vishnu R Nair on Unsplash