StubHub Resumes IPO Plans After Market Pause, Targets September Launch

Ticketing marketplace StubHub is setting its sights on the public markets again, planning to conduct its initial public offering (IPO) in September 2023. This move follows a brief hiatus; the company initially filed for an IPO in March but paused its plans in April due to concerns over sweeping tariffs announced by former President Donald Trump.

According to an updated filing with the U.S. Securities and Exchange Commission (SEC), StubHub aims to kick off its IPO roadshow after Labor Day. The company will make its debut on the New York Stock Exchange under the ticker symbol STUB.

In its latest prospectus, StubHub reported a year-over-year revenue increase of 10% in the first quarter, totaling $397.6 million. Despite this growth, the company also revealed a rise in its net loss, which increased to $35.9 million from $29.7 million during the same period last year.

The recent uptick in the U.S. technology IPO market has created a favorable environment for new public offerings. Notably, shares of Figma, a San Francisco-based design software provider, surged 250% in first-day trading on July 31, indicating strong investor enthusiasm. Similarly, on August 7, shares of Firefly Aerospace, based in Cedar Park, Texas, closed up 34% in their inaugural trading session, further demonstrating the appetite for investment in emerging technologies.

Other recent IPOs, including those from CoreWeave, Circle Internet Group, and Chime, have also received positive receptions, marking a revitalization in the technology sector’s market performance. As StubHub prepares for its public launch, the company’s trajectory will be closely monitored by investors eager to gauge its potential in the competitive ticketing landscape.