StubHub Plans Summer IPO, Aims for $16.5 Billion Valuation

According to a source familiar with the situation, StubHub is actively considering its Summer IPO Plans, as reported by CNBC. The platform aims for a $16.5 billion valuation, matching its late 2021 private funding round. For two years, the company worked with JPMorgan and Goldman Sachs on the IPO, first reported by The Information. Since its establishment in 2000, StubHub has played a significant role in the ticketing industry. In 2007, eBay bought it for $310 million, but in 2020, co-founder Eric Baker reacquired it for $4 billion via Viagogo.

Additionally, SeatGeek, a competitor in the online ticketing sector, has purportedly been considering a potential IPO in the current year. In the event that StubHub proceeds with its plans for a public offering, it will be listed alongside its rivals, Vivid Seats and Live Nation. According to FactSet data, Vivid Seats holds a market capitalization of $1.2 billion, while Live Nation’s valuation stands at slightly below $24 billion.

In conclusion, StubHub’s Summer IPO Plans represent a significant milestone for the company as it seeks to capitalize on the burgeoning digital ticketing market. With a targeted valuation of $16.5 billion, StubHub aims to attract investors and assert its leadership position in the industry. Collaborating with financial heavyweights and navigating the competitive landscape,
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