StubHub aims to raise up to $9.2 billion in IPO

Stubhub aims to raise up to $ 851 million in his first public offering and value up to $ 9.2 billion, and the company announced. A new filing On Monday.

According to the file, the market re -selling Marketplace plans to sell more than $ 22 to $ 25 per share.

The long -awaited public offering comes after pause in April, as Stubhub collected from the Stock Exchange President Donald Trump’s sweep tariffs. The company also offered a public offering last year, but in July 2024, in the midst of the slowdown in the IPO market, postponed its efforts.

Stubhub plans to trade on the New York Stock Exchange under the “Stub” symbol.

The public offering market has returned in recent months and the last outlets of the Crypto currency stock exchange with Peter Thiel ArroganceDesign Software Company Figure and crypto company Apartment.

Klarna, a Swedish acquisition provider, then pay credit and prepared by Cameron and Tyler Winvoss Winvoss Gemini for public exits this week.

Stubhub applied to an updated public offering prospectus last month and showed that the first quarter income grew by 10% compared to the previous year. Business revenue was 26.8 million dollars for the period.

The company’s net loss rose from $ 29.7 million to $ 35.9 million a year ago.

Since its release in 2000, the company has long been a player in the ticketing industry for a long time. EBAY was purchased by EBAY for $ 310 million in 2007, but in 2020, the founding partner Eric Baker re -reached $ 4 billion through his new company Viagogo.

CNBC reported that Stubhub requested a $ 16.5 billion valuation before starting the public offering process.