MW StubHub files for IPO, as markets remain anxious
By Bill Peters
Ticket-resale platform would trade on the New York Stock Exchange under the ticker 'STUB'
Ticket-resale platform StubHub on Friday said it had filed for an initial public offering, amid mixed signals within the live-events industry and as financial markets have been rattled by tariffs and inflation fears.
The number of shares in the offering and their price hasn't been determined yet, StubHub said in a release. The company has applied to list its shares on the New York Stock Exchange and trade under the ticker "STUB."
J.P. Morgan and Goldman Sachs will serve as lead joint book-running managers for the proposed offering.
While Ticketmaster parent Live Nation Entertainment Co. (LYV) has predicted a big year for concerts, shares of Vivid Seats Inc. (SEAT), as Axios recently noted, have tumbled nearly 50% over the past 12 months. That company, Bloomberg reported last year, is exploring a sale.
This is a developing story. Check back for updates.
-Bill Peters
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(END) Dow Jones Newswires
March 21, 2025 16:09 ET (20:09 GMT)
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