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Stubhub, the online ticket market that won a smell from the Tour Concert Tour Taylor’s Eras, has submitted an initial American public offer that will test investors’ appetite for technology lists between a decline in Wall Street reserves.
The New York -based company said in a Friday file that it planned to rank its shared shares on the New York Stock Exchange under the symbol of the symbol.
Stubhub did not discover the size or range of stock sales prices, but would seek to raise more than $ 1 billion in the offer, according to people close to the issue, implying a market value of about $ 16.5bn. JPMORGAN and Goldman Sachs will act as the main entrepreneurs for the offer.
Last year the group reported a net loss of $ 2.8 million in $ 1.77BN income after earning $ 405 million for $ 1.37BN in 2023, according to its submission to US regulators. Stubhub had a $ 1.5 billion -billion debt since the end of last year. He said “material weaknesses” had been identified in its internal control over financial reporting.
Stubhub’s registration comes as President Donald Trump’s trade agenda lowers US capital, worrying about slow economic growth and suspicions of market revival IPO after a three-year drought caused by the highest interest rates.
But the activity of US capital markets has chosen in recent weeks despite volatility and a 3.6 percent decline in the Chip-Chip S&P 500 this year.
Google’s parent alphabet Monday agreed to buy the Cyber Security WIZ for $ 32 billion, while New Jersey-based data center operator, Coreweave, said he wanted to raise as much as possible $ 2.7 billion in what is expected to be the largest IPO of the year technology. Klarna, a Swedish group Fintech, also presented a list in New York this month.
Stubhub was founded by Eric Baker in 2000, who left the company before being bought by EBAY for $ 310 million seven years later. Then it was won for just over $ 4 billion from Viagogo, which Baker began in 2006, in 2019.
Last year, consumers bought more than 40 million tickets from over 1 million sellers in the Stubhub market. The company reported gross goods sales of $ 8.7BN in 2024, with 27 percent from a year ago.
Stubhub was one of the main beneficiaries of the ERAS SWIFT’S 2023 Tournament, which made up $ 665 million, or approximately 10 percent of the group’s annual ticket sales that year.
