Stubhub Is Once Again Working On Its Ipo That Could Raise $1b

4 hours ago

StubHub is giving a beardown denotation that its IPO is backmost connected again. It revenge a nationalist S-1 successful precocious March, past paused successful April aft nan Trump administration’s tariffs spooked Wall Street. On Monday, it revenge an updated S-1 that now includes Q1 2025 results.

IPO experts Renaissance Capital estimated successful March that nan IPO could raise $1 billion, and says this caller S-1 could mean a debut adjacent month. StubHub declined to remark connected its IPO plans, citing its quiet period.

In 2024, it generated astir $1.8 cardinal successful gross and recorded a nett nonaccomplishment of $2.8 million. Its biggest shareholder is Madrone Partners (27.1%) followed by WestCap Management (10.8%) and Bessemer (9.6%). Founder CEO Eric Baker holds only 5.2% of nan Class A shares, but he holds each of nan super-voting authorities Class B shares (4.95 million), which puts him successful power pinch 90% of nan vote.