StubHub on Monday announced plans for an initial public offering (IPO) that could value the ticket reseller at a market capitalization of more than $9 billion.
StubHub is expected to sell more than 34 million company shares priced between $22 and $25 per share.
The company is targeting net proceeds of about $735.5 million if the IPO is priced at the midpoint of that range, which would be $23.50 per share.
StubHub said it would have more than 372.9 million shares outstanding after the IPO, assuming full exercise of the overallotment option.
In its US Securities and Exchange Commission (SEC) filing, StubHub posted a net loss of $76 million on revenue of $827.9 million in the six months ended June 30, compared with a net loss of US$24 million on revenue of $803.5 million during the same period last year.
The company’s gross merchandise sales increased 27% year-over-year in 2024.
StubHub has been planning to go public for about three years, but its listing intentions were put on hold earlier this year following the stock-market volatility created by President Trump’s proposed tariffs.
StubHub operates the StubHub and Viagogo platforms.