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The Stubhub logo is seen in an old store in New York City on April 18, 2024.
Michael M. Santiago | Getty images
Stubhub, an online market to resell tickets, Friday Presented to make public in the New York Stock Exchange under the “Stub” Ticker symbol.
In its prospect for an initial public offer, the company said it had a net loss of $ 2.8 million in revenues of $ 1.77 billion by 2024, compared to a $ 405 million gain with revenues of $ 1.37 billion by 2023.
Stubhub has been a player for a long time in the ticket industry since its launch in 2000. He was bought by eBay for $ 310 million In 2007but reacted by its co -founder Eric Baker in 2020 for $ 4 billion through its new Viagogo company.
Last year more than 40 million tickets were sold in the Stubhub market from approximately 1 million vendors, the company said in its prospect.
Stubhub had looked at an opi last year, but filed its plans due to stagnant market conditions, CNBC previously reported.
The ticket of tickets online Seatgeek was evaluating a potential opi last year, according to media reports. Bloomberg reported In June, Citigroup and Wells Fargo joined the company’s planned list. Other Stubhub competitors include Vivid seats, that was taken public through a special purpose acquisition company in 2021 and LIVE NATION.
After an extended Pause of OPI dating from the beginning of 2022, the market shows clear signs of defrosting. Artificial Intelligence Infrastructure Supplier Coreweave It is expected to debut next week. Cleara supplier to buy now, pay later loans presented its OPI brochure last Friday. At the beginning of March, Hinge Health, a provider of digital physiotherapy services, Filed with the sec.
Cloud software supplier Servicetito Give to the market In DecemberMarking the first technological IPO for an important company focusing from Rubrik’s Debut in April. A month before that, Reddit He began to trade in the NYSE.
There have not been many other notable technological opi in the US since the end of 2021, when the increase in interest rates and the very high inflation expelled investors from risk assets.
