The StubHub logo is available at its headquarters in San Francisco.
Andrej Sokolow | Picture Alliance | Getty Images
StubHub aims to raise up to $851 million in an IPO with a valuation of up to $9.2 billion in its initial public offering, the company revealed in a new filing on Monday.
The filing shows that the resale market plans are selling for more than 34 million shares, priced between $22 and $25 per share.
The long-awaited IPO comes after Stubhub suspended the process in April, and stocks are causing a moratorium from a full tariff announced by President Donald Trump. The company also watched the IPO last year, but it delayed its efforts in July 2024 amid a slowdown in the IPO market.
StubHub plans to trade under the symbol “stub” on the New York Stock Exchange.
Don't miss these insights from CNBC Pro
The IPO market has rebounded in recent months, with Peter Thiel-backed cryptocurrency exchanges recently debuting Bullishdesign software company Fig and crypto companies Circle.
Klarna is now a Swedish buyer, and later paid loans, as well as Gemini, a crypto company founded by Cameron and Tyler Winklevoss, is making its public debut this week.
StubHub filed its latest IPO prospectus last month, indicating that revenue in the first quarter was up 10% from a year ago to $397.6 million. Operating income during the period was US$26.8 million.
The company's net loss increased from $29.7 million a year ago to $35.9 million.
Since its launch in 2000, the company has been a long-term player in the ticketing industry. eBay was purchased for $310 million in 2007, but was regained by co-founder Eric Baker in 2020 through his new company Viagogo.
CNBC previously reported that StubHub had sought a $16.5 billion valuation before starting the IPO process.