StubHub Files Registration Statement for Proposed Initial Public Offering

StubHub Files Registration Statement for Proposed Initial Public Offering

Chicago, IL - StubHub, a leading online event marketplace, announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a proposed initial public offering (IPO).

The registration statement, which was filed on March 25, 2023, relates to the proposed IPO of StubHub's common stock. The company plans to list its shares on the New York Stock Exchange (NYSE) under the ticker symbol STUB.

StubHub's IPO is expected to raise approximately $500 million, which will be used to fund the company's continued growth and expansion, as well as to pay off some of its existing debt.

"We are excited to take this next step in our company's history," said StubHub CEO, Rajiv Dutta. "Our IPO will provide us with the capital we need to continue to innovate and expand our business, while also giving our employees and customers a stake in our future success."

StubHub was founded in 2000 and has since become one of the largest online event marketplaces in the world. The company allows users to buy and sell tickets to a wide range of events, including sports, concerts, theater productions, and more.

The proposed IPO is subject to market and regulatory conditions, and there can be no assurance that the offering will be completed. The registration statement is available on the SEC's website at sec.gov.