StubHub considering IPO, targets $16.5bn valuation
The resale platform is understood to have been working with JPMorgan and Goldman Sachs on the public offering over the past two years
News By James Hanley | 17 April 2024
Ticket resale platform StubHub is reportedly planning to go public this summer if it can achieve a valuation of around US$16.5 billion (€15.5bn).
The Information, which broke the news, cites sources close to StubHub, but says the company may call off the offering if it is unable to approach its $16.5bn target – in line with what it was valued at during its 2021 round of private funding.
The American firm, which is understood to have been working with JPMorgan and Goldman Sachs on the IPO over the past two years, is said to have debts of more than $2bn. It was previously rumoured to be going public via a direct listing in 2022.
StubHub, JPMorgan and Goldman Sachs have all declined to comment on the timing of…
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