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Ticket reseller Stubhub eyes $9bn IPO
(Sharecast News) - Concert ticket resale platform StubHub is targeting a valuation of up to $9.2bn in a planned US listing, the company said on Monday. The firm is looking to raise up to $851m via the sale of around 34 million shares priced between $22 - $25 each as it looks to cash in on big money events.
StubHub's ticketing marketplace allows fans to purchase tickets for live events, although it has come under fire for failing to stop touts from advertising large numbers of tickets at inflated markups after they used automated bots to buy them from platforms such as Ticketmaster.
The UK government is considering a ban on for-profit ticket resale in an effort to protect consumers.
StubHub was co-founded in 2000 by Jeff Fluhr and current chief executive Eric Baker, who had initially left the firm - and launched viagogo, a rival ticket reseller - in Europe in 2006.
The company was looking at an IPO with a $16.5bn in April 2024 but shelved the plan due to "choppy" market conditions at least until the autumn of the last year. In March listing plans were again announced then put on hold in the wake of US Donald Trump's global tariff war.
Reporting by Frank Prenesti for Sharecast.com
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