The Stubhub logo is visible in the former store in New York on April 18, 2024.
Michael M. Santiago Getty images
Stubhub, online market for resale of tickets, on Friday submitted for public purposes On the New York Stock Exchange under the symbol “Stub”.
In its prospectus of the first public offer, the company said that it has a net loss of USD 2.8 million with revenues of USD 1.77 billion for $ 2024, compared to USD 405 million in profit with the revenues of USD 1.37 billion in USD 2023.
Stubhub is a long -time player in the ticket industry since he was launched in 2000. Was purchased by eBay for $ 310 million in 2007But he was again written by co -founder Eric Baker in 2020. $ 4 billion Through your new company Viagogo.
Last year, over 40 million tickets were sold on the Stubhub market from about a million sellers.
Last year Stubhub looked at IPO, but put down the shelves due to the stagnation of market conditions, Previously reported CNBC.
According to media reports, competing with online tickets, he evaluated the potential IPO last year. Bloomberg reported In June, Citigroup and Wells Fargo joined the planned offer of the company. Other Stubhub competitors include Lively placesIN which was taken publicly through the Company to acquire a special goal in 2021, and Living nation.
After an extended IPO list from the beginning of 2022, the market shows clear signs of defrosting. Supplier of artificial intelligence infrastructure Coreweave He is to debut next week. BrightThe buyer now, pay off the loans later, submitted his own IPO prospectus Last Friday. Earlier in March Linger Health, a supplier of digital physical therapy services, submitted to the American Commission of Securities and Exchange.
Cloud software seller Servicetitan hit the market in DecemberDetermination of the first significant IPO undertaking Rubrik Debut in April. A month earlier, Reddit He started trading on Nyse.
In the United States there was not many other technological IPO since the end of 2021, when growing interest rates and growing inflation pushed investors from risky assets.