StubHub Files Updated S-1, May Move Forward with $1 Billion IPO After Pausing Due to Tariffs

StubHub is Once Again Working on Its IPO That Could Raise $1 Billion

In a significant development, StubHub has filed an updated S-1 with the Securities and Exchange Commission (SEC), indicating that it may be moving forward with its initial public offering (IPO) once again. The news comes after the company paused its IPO plans in April due to concerns surrounding the Trump administration’s tariffs.

According to reports, StubHub’s latest SEC filing includes first-quarter 2025 results, which has led IPO experts at Renaissance Capital to estimate that the IPO could raise as much as $1 billion. This figure is substantial and would be a significant milestone for the company.

StubHub declined to comment on its plans, citing its quiet period, but the new filing suggests that the company may indeed be moving forward with its IPO. The company’s financials are also noteworthy, having generated nearly $1.8 billion in revenue in 2024 while recording a net loss of $2.8 million.

The updated S-1 filing provides insight into StubHub’s shareholder structure as well. According to the documents, Madrone Partners holds a significant stake (27.1%), followed by WestCap Management (10.8%) and Bessemer (9.6%). Founder and CEO Eric Baker maintains control of the company through his ownership of all Class B shares, holding 4.95 million shares.

The development has significant implications for the venture capital community and startup ecosystem as a whole. As one of the largest online marketplaces for ticket sales, StubHub’s IPO would be a major event in the industry.

TechCrunch will continue to follow this story and provide updates as more information becomes available.

Source: techcrunch.com