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StubHub is once again working on its IPO that could raise $1B
In a surprising turn of events, StubHub has announced that it is re-initiating its initial public offering (IPO) plans. The company, which filed a public S-1 in late March and paused the process after tariffs spooked Wall Street, has now submitted an updated S-1 filing that includes Q1 2025 results.
According to sources, IPO experts Renaissance Capital estimated that StubHub’s IPO could potentially raise $1 billion. Although the company itself has declined to comment on its IPO plans due to being in a quiet period, these new developments suggest that a debut as early as next month may be possible.
In its latest filing, StubHub reported nearly $1.8 billion in revenue for 2024, accompanied by a net loss of $2.8 million. Notably, Madrone Partners holds the largest stake in the company at 27.1%, followed by WestCap Management and Bessemer with shares of 10.8% and 9.6%, respectively.
It’s worth mentioning that StubHub’s founder and CEO Eric Baker has a significant amount of control over the company due to his ownership of all Class B shares, which hold super-voting rights. These shares grant him 90% of the voting power, despite only holding a relatively small percentage of Class A shares at just 5.2%.
The tech community is eagerly awaiting more information on StubHub’s IPO plans as details continue to emerge.
Source: techcrunch.com
