StubHub plans IPO in new Wall Street appetite to technological stock

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Stubhub, an online ticket market that earned Taylor Svift on the wind -offic excursion, has applied for an initial public proposal in the US, which checks the investor appetite for technology lists amid the fall of Wall -Strit stock.

New York said on Friday that it had planned to list its usual shares on the New York Stock Exchange under the STUB symbol.

Stubhub did not open the size or price range of stock sales, but seeks to raise more than $ 1 billion in the proposal, according to people close to this issue, which means a market value of about $ 16.5 billion. JPMORGAN and Goldman Sachs will act as leading underers for the offer.

Last year, the group reported a net loss of $ 2.8 million per profit of $ 1.77 billion, making a $ 405 million profit of $ 1.37 billion in 2023, according to its submission by the US regulators. At the end of last year, StubHub amounted to $ 1.5 billion. It states that “material weaknesses” were found in domestic control over financial reporting.

Submission StubHub comes as President Donald Trump’s trade agenda American sharesRealizing the concern of slow economic growth and doubts about the IPO market revival after a three -year drought caused by higher interest rates.

But the activity of the capital markets in the US has gained in recent weeks, despite the volatility and 3.6 percent drop in the blue chip S&P 500 this year.

Alphable Google Alphabet on Monday agreed to purchase Wiz Start-Wiz for Cybersecurity for $ 32 billion, and the data center in New Jersey said Ipo Years. Klarna, the Fintech Swedish Group, also submitted the list in New York this month.

Eric Baker was unaware StubHub, which left the company before it bought Ebay for $ 310 million in seven years. It was then purchased just over $ 4 billion, which Baker started in 2006 in 2019.

Last year, consumers bought more than 40 million tickets from more than 1 million STUBHUB. The company reported the gross volume of sales of goods of $ 8.7 billion in 2024, which is 27 percent more than last year.

Stubhub was one of the main beneficiaries of the Swift 2023 EROS tournament, which amounted to $ 665 million, or approximately 10 percent, annual ticket sales this year.