Stubhub files for IPO as companies start to arrange to become public

Stubhub, online ticket resale market, Friday Filed to become public On the New York Stock Exchange under the “Step” symbol.

In its prospectus for the initial public offering, the company said it had a net loss of $ 2.8 million at $ 1.77 billion in $ 2024, compared to a $ 405 million profit of $ 1.37 billion in 2023 revenue.

Stubhub is a longtime player in the ticket industry since his launch in 2000. He was purchased from ebay For $ 310 million In 2007But in 2020 he was repeated in co -founder Eric Baker for 2020. $ 4 billion through his new company Viagogo.

More than 40 million tickets were sold on the Stubhub market last year by approximately one million sellers, the company said in its prospectus.

Stubhub had looked at IPO last year, but she postponed her plans due to stagnant market conditions, CNBC earlier reportsS

Seatgeek’s rival rival rivals evaluated IPO potentially last year, according to media reports. Bloomberg reported In June, this Citigroup and Wells Fargo joined the company’s planned list. Other StubHub racers include Bright seats., which was publicly available through a special goal company in 2021 and Live nationS

After an extended IPo lull dating back to 2022, the market shows clear signs of thawing. Intelligent intelligence provider Coreweave is expected to debut next week. ClearlyPurchase supplier now, pay late loans, submitted him Ipo Prospect Last Friday. Earlier in March, Hinge Health, a provider of digital physical therapy services, Submitted to the US Securities and Exchange CommissionS

Cloud software Servicetitan struck the market in Decembernoting the first significant endeavor supported by the endeavor since Column Debut in April. A month before that, Reddit He started trade with NYSE.

There have not been many other technological notes in the United States since the end of 2021, when they increase interest rates and increasing inflation pushed investors from risk assets.