StubHub files for IPO, acknowledges risks

The company says the international resale market "represents a $23 billion opportunity over the medium term"

Viagogo CEO Eric Baker
Eric Baker

Following months of rumours, secondary ticketing marketplace StubHub has filed for an initial public offering (IPO) in New York.

The company, which operates as Viagogo outside North America, originally planned to go public last summer with a target valuation of US$16.5 billion only to later postpone the move, reportedly due to unfavourable market conditions.

But it has now pressed ahead with its SEC filing, which sets out its “mission” to be the “global destination for consumers to access live events and experiences”.

“We believe we operate the largest global secondary ticketing marketplace for live events,” reads the prospectus. “Our business model has achieved scale with high growth and generated significant revenue, profit and cash flow. We connect fans around the world with sellers who use…

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