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StubHub is Once Again Working on Its IPO That Could Raise $1 Billion
TechCrunch has learned that StubHub is once again actively pursuing its initial public offering (IPO) plans, which could potentially raise a staggering $1 billion.
The ticketing and e-commerce giant filed an updated S-1 with the Securities and Exchange Commission (SEC) on Monday. The new filing includes StubHub’s Q1 2025 financial results, which could be a sign that the company is gearing up for a public listing in the near future.
According to Renaissance Capital, IPO experts who have been tracking StubHub’s IPO plans, the updated S-1 suggests that the company may be preparing for an IPO debut as early as next month. However, the company has yet to comment on its IPO plans, citing its quiet period.
StubHub’s 2024 financial results are equally impressive, with the company generating nearly $1.8 billion in revenue and recording a net loss of $2.8 million. The firm is majority-owned by institutional investors, including Madrone Partners (27.1%), WestCap Management (10.8%), and Bessemer (9.6%). Founder and CEO Eric Baker holds a significant amount of Class B shares, which grant him super-voting rights, allowing him to maintain control over the company with 90% of the vote.
The news comes as no surprise, considering StubHub’s impressive revenue growth in recent years. While the company has not yet confirmed its IPO plans, the renewed filing suggests that a public listing may be more likely than previously thought.
TechCrunch will continue to monitor the situation and provide updates as more information becomes available.
Source: techcrunch.com
