StubHub eyes summer IPO, seeks $16.5 billion valuation
Publishing timestamp: 2024-04-12 16:33:18
Summary
StubHub is considering an initial public offering this summer with a valuation of at least $16.5 billion. The online ticketing service has been working with JPMorgan and Goldman Sachs on the IPO, and if successful, it will trade alongside competitors like Vivid Seats and Live Nation in the public market. The live events marketplace has seen growth in the wake of the Covid-19 pandemic, with record-breaking concert ticket sales fueling revenues for ticketing companies. StubHub, JPMorgan, and Goldman Sachs have not commented on the potential timing for the IPO.
Sentiment: NEUTRAL
Tickers: LYV, EBAY, SEAT, GSBD, GS, JPM,
Keywords: jpmorgan drn, vivid seats inc, live nation entertainment inc, goldman sachs group inc, ebay inc, entertainment, business, business news, life, breaking news: business, movies, goldman sachs bdc inc,
Source: https://www.cnbc.com/2024/04/12/stubhub-eyes-summer-ipo-seeks-16point5-billion-valuation.html