StubHub to price IPO at $23.50, valuing company at $8.6 billion
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StubHub is set to price its IPO at $23.50, valuing the company at $8.6 billion. This follows two delays in its public offering, the latest due to market volatility from President Trump's tariffs. The company, co-founded in 2000 and acquired by eBay, aims to trade on the NYSE under the symbol "STUB." Despite a net loss of $35.9 million, StubHub reported a 10% revenue increase to $397.6 million in Q1. The IPO market is recovering, with other companies also making successful debuts recently.
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