StubHub is targeting up to $851 million in its initial public offering, valuing the company as high as $9.2 billion, according to CNBC. The ticket resale platform plans to list more than 34 million shares priced between $22 and $25 each on the New York Stock Exchange. The long-anticipated IPO follows multiple delays, including last April when markets were shaken by Trump’s tariff policies, and July 2024 when the IPO market slowed. StubHub’s updated IPO prospectus showed first-quarter revenue rose 10% year-over-year to $397.6 million, with operating income of $26.8 million. The company’s net loss widened to $35.9 million from $29.7 million. The listing comes amid a resurgence in IPOs, with recent debuts from Bullish, Figma, and Circle, while Klarna and Gemini prepare to go public this week.
