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Ticket reseller StubHub's IPO 20 times oversubscribed, source says
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Ticket reseller StubHub's IPO 20 times oversubscribed, source says
Sep 12, 2025 11:37 AM

By Ateev Bhandari

Sept 12 (Reuters) - Ticket reseller StubHub, which

delayed its U.S. listing in April amid market volatility, has

drawn over 20 times as many orders for its planned initial

public offering as there are available shares, a source familiar

with the matter said on Friday.

The outsized demand for the IPO, which is set to price

shares on Tuesday, reflects pent-up investor appetite for

tech-heavy consumer platforms.

StubHub did not immediately respond to Reuters' request for

comment.

Madrone Partners-backed StubHub had postponed its IPO

roadshow earlier this year as U.S. President Donald Trump's

tariffs roiled global markets and froze all dealmaking.

In a stark turn of events, U.S. IPOs have had a triumphant

week as companies ranging from crypto to consumer tapped the

public markets amid record high equity markets and easing tariff

worries.

Swedish buy-now, pay-later firm Klarna's ( KLAR ) shares

jumped in its long-awaited debut earlier this week, reinforcing

bullish investor sentiments for fintechs.

Separately, cafe chain Black Rock Coffee Bar's

shares rose above their issue price earlier in the day, as

investors brushed off residual concerns over the consumer

company's health.

StubHub is targeting a valuation of up to $9.2 billion in

its U.S. IPO, seeking to raise up to $851 million by offering 34

million shares priced between $22 and $25 each.

The company was co-founded in 2000 by Jeff Fluhr and current

CEO Eric Baker, who had exited StubHub ahead of its $310-million

sale to e-commerce firm eBay ( EBAY ) in 2007.

Baker in 2006 launched viagogo, a rival ticket reseller in

Europe, which in 2020 bought StubHub from eBay ( EBAY ) for $4.05

billion.

J.P. Morgan and Goldman Sachs are the lead underwriters of

the offering.

StubHub will list on the New York Stock Exchange under the

ticker symbol "STUB".

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