StubHub Eyes Potential I.P.O. as Soon as This Year

STUBHub, a ticket software company, has held talks with bankers in recent weeks on a preliminary public offer contract before the end of the year, as two people have been aware of the issue, testing Wall Street’s appetite for the return of technical subscriptions

People who spoke on the condition of not disclosing his identity were premeditated. STUBHub told Wall Street analysts at the investor meeting on Thursday that he was aiming to raise more than a billion dollars in a public offer, according to one of the attendees.

The market of the technological public party has started Slow start this year. But it seems that there are increasing number of companies ready to think about the general lists, despite the market fluctuations caused by the ongoing changes of President Trump in economic policies.

Among the technology companies that explore the lists this year Coreweave, the provider of cloud computing services for artificial intelligence companies, which unveiled the investor newsletter on Monday. Discord, the popular social chat app in the video game community, also met with investment bankers To discuss preparations for public subscription

A representative of the Stubhub did not respond to the comment.

STUBHub, a site of re -selling tickets that were founded in 2000 by Eric Baker and Jeff Fleh, quickly in his early days. People can use the site to buy secondary market tickets for everything from concerts to sporting events.

In 2006, Mr. Baker, who was expelled amid tensions with Mr. Felhar, was founded by Viagogo, a similar ticket company that focused on reselling European tickets and events. In 2019, Viagogo announced that she was buying studub For $ 4 billion.

Shortly after, the Covid Poiler hit, where Lockdowns put concerts and live shows hanging and in fact rode 95 percent of the Stumbhub. Mr. Baker He survived the stormThe company saw an increase in business while raising the number of closure and the fans returned to the places collectively.

People who know the talks said, but the company that was aware of the subscription last year with a value of $ 16.5 billion.

Recently, there have been concerns about Wall Street that ticket companies are witnessing a slower growth in sales as fans cool in concerts after an initial increase in the national team.

But Stubhub executives said that her work is still growing. One of the attendees at the investor meeting on Thursday said that the company’s total ticket sales have grown by approximately 50 percent in the past three months of 2024.