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StubHub, an online ticket reselling platform, filed a prospectus on Friday for listing on the New York Stock Exchange. The company had reportedly abandoned plans to make an initial public offer last summer.
StubHub, which applied to list its common stock on the NYSE under the ticker "STUB," said in its prospectus that it sold more than 40 million tickets on its marketplace in 2024, with Gross Merchandise Sales (GMS) of $8.68 billion, up 27% year-over-year.
StubHub, in its Form S-1 filed with the U.S. Securities and Exchange Commission, reported a net loss of $2.8M on revenue of $1.77B for 2024. The company reported that in 2023 it had a profit of $405.8 million on revenue of $1.3 billion.
StubHub reportedly waited to file an IPO in July due to the weak market. At the time, The Wall Street Journal said a person close to the deal called it a “tricky time” for companies to go public, and that that the company had been looking to have a roughly $16.5 billion market valuation through the offering.
