The relentless march of initial public offerings continues this week with another closely watched IPO happening today. At some point after the opening bell, ticket reseller giant StubHub is expected to make its public debut. Here’s what you need to know about StubHub’s IPO.
What is StubHub?
StubHub is a ticket reseller platform that was founded in 2000. It specializes in selling tickets to live events, such as concerts, plays, and sporting events.
While StubHub does sell some tickets directly to its users, the majority of customers who buy tickets on StubHub do so from third-party sellers. StubHub is one of the largest secondary ticketing marketplaces in the world.
However, the company is not without controversy.
In July 2024, StubHub was hit with a lawsuit by the attorney general of Washington, D.C. The suit alleged that StubHub was engaged in “drip pricing,” where the company advertises low fees for tickets, but then increases the final cost by adding on extra fees. StubHub said in a statement at the time that it was disappointed in the lawsuit and asserted that its user experience is “consistent with the law,” as noted by CNBC.
While StubHub is holding its initial public offering today, this is not the first time the company has attempted to go public. The company was reportedly considering an IPO back in 2022 before ultimately shelving those plans. Then, in March 2025, the company was getting ready for an IPO, but put those plans on hold as markets around the world tanked due to President Trump’s Liberation Day tariffs.
Today, StubHub is finally expected to debut as a publicly traded company.
StubHub by the numbers
StubHub has been around for a quarter of a century, but as it has been privately held, many of its financial metrics have been unknown.
But as a public company, its finances will be more of an open book, and in preparation for its IPO, as all companies must, StubHub filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC), detailing its financials and other metrics.
For 2024, those include:
- Gross merchandise sales (GMS) of $8.7 billion.
- 27% year-over-year GMS growth.
- More than 40 million sickets sold.
- More than 1 million unique sellers are using its platform.
- Buyers originate from more than 200 countries.
The company’s financial statements also show that its revenue has steadily increased over the past three years, rising from $1 billion in 2022 to $1.3 billion in 2023 to $1.7 billion in 2024.
However, it had a net loss of income in each of those years, though the net loss in its most recent year shrank significantly.
In 2022, StubHub reported a net loss of $260 million, which rose to a net loss of $405 million in 2023. But in 2024, its net loss shrank to just $2.8 million.
According to PitchBook, StubHub has 895 employees as of August 2025.
When is StubHub’s IPO?
StubHub priced its shares on Tuesday. It’s expected to list today, Wednesday, September 17.
What is StubHub’s stock ticker?
StubHub’s stock will trade under the ticker “STUB.”
What exchange will StubHub’s shares trade on?
StubHub shares trade on the New York Stock Exchange (NYSE).
What is the IPO share price of STUB?
StubHub priced its shares at $23.50 each. That’s around the mid point of a target range of between $22 and $25 per share that was disclosed earlier this month, as Fast Company previously reported.
How many STUB shares are available in its IPO?
StubHub is offering 34,042,553 shares of Class A common stock in its IPO, according to its press release.
How much will StubHub raise in its IPO?
StubHub raised around $800 million in its IPO.
How much is StubHub worth?
As of its IPO share price of $23.50, StubHub has a valuation of $8.6 billion, notes CNBC.
What else is there to know?
StubHub is just the latest company to have a closely watched IPO in 2025. Throughout the year, many notable companies have gone public, including the stock trading platform eToro, stablecoin company Circle Internet Group, cryptocurrency exchange Bullish, and just last week, Buy Now Pay Later firm Klarna.
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