The Stubhub logo is seen in an old New York City store on April 18, 2024.
Michael M. Santiago | Pictures of getty
Stubhub, an online market for coating tickets on Friday Filed to make public On the New York Stock Exchange with the « Stub » ticket symbol.
In its prospect for an initial public offer, the company said it had a net loss of $ 2.8 million in revenue of $ 1.77 billion for 2024, compared to $ 405 million to $ 1.37 billion in revenue for 2023.
Stubhub has been a long -time player in the ticket industry since its launch in 2000. It was purchased by eBay for $ 310 million In 2007But his co -founder Eric Baker was obtained by 2020 $ 4 billion Through its new Viagogo company.
Last year, more than 40 million tickets were sold to the Stubhub market from millions of sellers, according to the company in its prospect.
Stubhub had seen an OIP last year, but he took advantage of his plans due to stagnant market conditions, CNBC reported previously.
According to media reports, the online ticketing opponent Seakek was evaluating a potential opo. Bloomberg reported In June, Citigroup and Wells Fargo joined the company’s planned list. Other Stubhub competitors include Living seats, that became public by means of a special purpose acquisition company by 2021 and Live nation.
After an extended IPO Lull dating back to the beginning of 2022, the market shows clear signs of thawing. Artificial intelligence infrastructure provider Coreweave It is expected to debut next week. BrightA shopping provider now pay subsequent loans, presented his IPO prospect Last Friday. In early March, Hinge Health, a Digital Physical Therapy Service Provider, Filed to the United States Securities and Values Commission.
Cloud software seller Services to the service hit the market In DecemberBy marking the first -time technology IPO of the company since then Rubrik’s debut in April. A month before, Reddite Started negotiating in Nyse.
There have been many other technological opinions in the United States since the end of 2021, when the increase in interest rates and increasing inflation pushed investors out of risky assets.
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