StubHub strongly indicates that the IPO is back. It filed a public S-1 in late March, suspended in April after Trump administration tariffs surprised Wall Street. On Monday, I submitted my latest S-1.
IPO expert Renaissance Capital estimates the IPO can raise $1 billion in March, saying this fresh S-1 could mean its debut next month. StubHub declined to comment on the IPO plan, citing the quiet period.
In 2024, it generated nearly $1.8 billion in revenue and recorded a net loss of $2.8 million. Its biggest shareholders are Madrone Partners (27.1%), followed by Westcap Management (10.8%) and Bessemer (9.6%). Founder CEO Eric Baker holds only 5.2% of Class A stake, but he holds all Super Voting Rights Class B stake (4.95 million) and controls him at 90% of the vote.