The StubHub logo is seen at its headquarters in San Francisco.Andrej Sokolow | Picture Alliance | Getty ImagesStubHub is aiming to raise as much as $851 million in its initial public offering, giving it a valuation of up to $9.2 billion, the company revealed in a new filing on Monday.The ticket reselling marketplace plans to sell more than 34 million s priced between $22 and $25 per , according to the filing.The long-awaited IPO comes after StubHub hit pause on the cess in April as the stock market was reeling from President Donald Trump's sweeping tariffs.
The company also eyed an IPO last year, but it postponed its efforts in July 2024 amid a slowdown in the IPO market.StubHub plans to trade on the New York Stock Exchange under the symbol "STUB."Read more CNBC news'I'm glad it's over.' Google CEO thanks Trump for antitrust 'resolution'OpenAI is building an AI jobs platform that could challenge Microsoft's LinkedInEx-Salesforce co-CEO Bret Taylor's Sierra is the $10 billion AI startupAtlassian agrees to acquire The Browser Co.
for $610 millionThe IPO market has bounced back in recent months, with recent debuts from Peter Thiel-backed cryptocurrency exchange Bullish, design software company Figma and crypto firm Circle.
Klarna, a Swedish vider of buy now, pay later loans, and Gemini, the crypto firm founded by Cameron and Tyler Winklevoss, are gearing up for public debuts this week.StubHub filed an d IPO spectus last month, showing that first-quarter revenue grew 10% from a year earlier to $397.6 million.
Operating income came in at $26.8 million for the period.The company's net loss widened to $35.9 million from $29.7 million a year ago.The company has been a longtime player in the ticketing industry since its launch in 2000.
It was purchased by eBay for $310 million in 2007, but was reacquired by co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo.StubHub had sought a $16.5 billion valuation before it began the IPO cess, CNBC previously reported.