StubHub restarts IPO efforts, aiming to raise $1B as it seeks to expand its ticketing business and strengthen its market position.
StubHub is providing a significant indication that its IPO is once again on the table. In late March, it submitted a public S-1; however, it suspended operations in April due to the Trump administration’s tariffs, which caused investors’ concern.
It filed an updated S-1 on Monday, which now includes the results of Q1 2025.
In March, Renaissance Capital, an IPO advisory firm, predicted that the IPO could generate $1 billion in revenue. According to the firm, the recent S-1 filing could indicate a debut next month.
StubHub declined to provide any information regarding its IPO intentions, citing its current quiet period.
It generated roughly $1.8 billion in revenue and recorded a net loss of $2.8 million in 2024. WestCap Management (10.8%) and Bessemer (9.6%) are the next largest shareholders, followed by Madrone Partners (27.1%).
The founder and CEO, Eric Baker, possesses only 5.2% of the Class A shares. However, he controls 90% of the vote due to owning all of the super-voting rights of Class B shares (4.95 million).
