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Stubhub, the website of tickets that earned the wind from the Taylor Swift’s Era concert tour, filed for an initial public offer in the United States that will test the appetite for investors for technological lists in the midst of falling in stock on Wall Street.
A company based in New York announced on a submission on Friday that she had planned to list her usual section on the New York Stock Exchange under the symbol sting.
Stubhub did not reveal the size or range of shares sales prices, but would seek to raise more than $ 1 billion on offer, according to people close to that issue, which implies a market value of about $ 16.5 billion. JPMORGAN AND GOLDMAN SACHS will act as leading insurers to offer.
Last year, the group reported a net loss of $ 2.8 million on a $ 1.77 billion revenue, after making $ 405 million in profit of $ 1.37 billion in 2023, according to an American regulator. Stubhub had a accumulated $ 1.5 billion debt since the end of last year. It said “material weaknesses” were identified in their inner control of financial reporting.
Stubhub -O’s application comes as President Donald Trump trade plan To American stocksConcern about slower economic growth and suspicion of revival and markets after a three -year drought caused by higher interest rates.
But the activities of the US capital market have been picked up in recent weeks despite volatility and 3.6 percent fall into Blue Chip S&P 500 this year.
Google Matiion Alphabet on Monday agreed to buy WIZ WIZ WIZ WIZ for $ 32 billion, while the data center operator based in New Jersey Coreweve said he wanted to raise as much as $ 2.7 billion in what is expected to be the highest technology IPO years. Klarna, the Swedish Fintech Group, also applied for a New York list this month.
Stubhub faced Eric Baker in 2000, who left the company before Ebay bought it for $ 310 million seven years later. Viagogo then acquired him for just over $ 4 billion, which Baker started in 2006, 2019.
Last year, consumers bought more than 40 million tickets of over 1 Mn seller on Stubhub’s market. The company informed the gross sales of goods in the amount of $ 8.7 billion in 2024, which is 27 percent compared to the previous year.
Stubhub was among the main users of Swift’s 2023 tour, which made up $ 665 million, or about 10 percent, and that year of annual sales of the group ticket.
