StubHub Puts Off US IPO Launch Until After Summer
- Ticketing platform delaying launch on market conditions
- Company will have to submit fresh financials to regulator
StubHub had explored going public via a direct listing in 2022 that might have valued it at more than $13 billion.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
StubHub Inc. is postponing the planned launch of its US initial public offering until after the summer at the earliest, citing unfavorable market conditions, according to a person familiar with the matter.
The operator of ticketing resale platforms StubHub and Viagogo was set to make its IPO filing public as soon as Friday, the person said, asking not to be identified as the information is confidential. The company will now have to submit fresh financial information to the US Securities and Exchange Commission, the person said.