The StubHub logo design is seen at its head office in San Francisco.
Andrej Sokolow|Photo Partnership|Getty Images
StubHub is considering a summertime going public, an individual accustomed to the issue informed CNBC.
The online ticketing solution is going for an appraisal of at the very least $16.5 billion, which is what it was valued at in late 2021 throughout its most current round of personal financing.
The business has actually been dealing with JPMorgan and Goldman Sachs over the previous 2 years on the IPO. The Details was the very first to report the information.
StubHub has actually been a long time gamer in the ticketing sector because its launch in 2000. It was acquired by eBay for $310 million in 2007, yet reacquired by its founder Eric Baker in 2020 for $4 billion via his brand-new business Viagogo.
Online ticketing competing SeatGeek has actually additionally apparently been reviewing a possible IPO this year. If StubHub does get in the general public market, it will certainly trade along with rivals Vivid Seats and Live Nation. Vibrant Seats has a market cap of $1.2 billion and Live Country is valued at simply under $24 billion, according to FactSet.
The real-time occasions market has actually flowered following the Covid-19 pandemic, as individuals have actually inclined out-of-home enjoyment and experiences. Record-breaking performance ticket sales, such as those seen for Taylor Swift’s Eras Excursion and Beyoncà ©’s Renaissance Excursion, have actually sustained profits for ticketing business throughout the board.
StubHub, JPMorgan and Goldman Sachs all decreased to comment regarding prospective timing for an IPO.
