The Stubhub logo was seen in the former store on April 18, 2024 in New York.
Michael M. Santiago | Getty Images
Stubhub, an internet market to resale tickets, Friday endured the public On the New York Stock Exchange under the symbol of the “Pillar” mark.
In its prospectus for the initial public offer, the company said it had a net loss of $ 2.8 million from a $ 1.77 billion revenue for 2024, compared to a profit of $ 405 million to $ 1.37 billion for 2023 revenue.
Stubhub has been a longtime player in the ticket industry since his launch in 2000. He bought it ebay for $ 310 million 2007But his co -founder Eric Baker in 2020 repeated $ 4 billion through its new company Viagogo.
More than 40 million tickets were sold on Stubhub’s market last year from approximately one million sellers, the company said in its prospectus.
Stubhub watched IPO last year but put off his plans for standing market conditions, CNBC previously reported.
The rival rival seatgeek on the network evaluated the potential IPO last year, according to media reports. Bloomberg reported In June, Citigroup and Wells Fargo joined the Son -planned list of the company. Other Stubhub contestants include Live seats,, that was taken over publicly through a special purpose company in 2021, and A living nation.
After an extended iPo dormant since the beginning of 2022, the market shows clear signs of thawing. Artificial intelligence infrastructure provider Nucleus He is expected to make his debut next week. WingsPurchasing now, pay for later loans submitted IPO prospectus Last Friday. Earlier in March, Hinge Health, Digital Physical Therapy Provider, endured sec.
Software supplier in a cloud Servatory to the market in DecemberMarking the first significant technological IPO that supports the venture Rubrics debut in April. A month before that, Reddit He started trading on NYSE.
There have been many other technological notes in the US since the end of 2021, when the growing interest rates and an increase in inflation pushed investors from risk assets.
