StubHub files for IPO when companies start lining to become public

Friday Stubhub, Internet Ranks for Ticket resale submitted to the public On the New York Stock Exchange under the STUB tick.

In its avenue for the initial public donation, the company stated that in 2024, it received a net loss of $ 2.8 million, compared to a $ 405 million income for $ 1.37 billion in $ 2023.

Since the launch in 2000, StubHub has been a long -standing player in the ticket industry. It was purchased Fuck for 310 million dollars In 2007But launched by its co -founder Eric Beker in 2020 for 4 billion dollars Through its new company Viagogo.

Last year, more than 40 million tickets with approximately 1 million sellers were sold on the STBHUB market, the company said in its avenue.

Last year StubHub looked at IPO, but he put off his plans from the stagnant market conditions, CNBC previously reported.

According to Media, the SEATGEEK ticket opponent evaluated the potential IPO. Bloomberg reported In June, Citigroup and Wells Fargo joined the son of the company’s planned list. Other StubHub competitors include Bright seats. which was voiced Through the Special Purpose Company in 2021, and A living nation.

After the extended IPO lull, dated at the beginning of 2022, the market shows obvious signs of thawing. Availabrus supplier Buiss It is expected to make debut next week. ClearSupporter Purchase now, pay later loans, submitted your own IPO Avenue Last Friday. Earlier in March, Hinge Health, a digital physiotherapy service provider, Filed in the SEC.

The supplier of cloud software Service Click on the market In DecemberNoting the first significant IPO that is supported by the enterprise since then Column Debut in April. For the month before, Reddit started trading on NYSE.

Since the end of 2021, the United States has not had many other technological IPOs when increasing interest rates and inflation rising have pushed investors from risky assets.