StubHub Holdings, which operates an online marketplace for event tickets, raised $800 million by offering 34 million shares at $23.50, the midpoint of the $22 to $25 range.
The New York, NY-based company operates a global secondary ticketing marketplace for live events, operating under the brand StubHub in North America and viagogo internationally. StubHub states that it has 84% aided brand awareness in the US. In 2024, buyers from over 200 countries and territories purchased over 40 million tickets from over 1 million sellers on its marketplace. Beyond secondary ticket sales, the company plans to expand further into direct issuance of original tickets, and last week it announced a multi-year agreement with MLB, designating it the Official Direct Issuance Partner of Major League Baseball.
StubHub Holdings plans to list on the NYSE under the symbol STUB. J.P. Morgan, Goldman Sachs, BofA Securities, Evercore ISI, BMO Capital Markets, Mizuho Securities, TD Securities, Truist Securities, Nomura Securities, and WR Securities acted as joint bookrunners on the deal.
