Reuters: IPOX® CEO Schuster on on StubHub's IPO Filing
IPOX® CEO Josef Schuster was recently quoted by Reuters regarding StubHub's IPO filing, which revealed impressive 29.5% revenue growth for 2024. The online ticketing marketplace is moving forward with its long-awaited New York Stock Exchange listing under the symbol "STUB."
"StubHub's filing follows on the recent filings of other high-profile deals set to go public soon, including CoreWeave and Klarna. This indicates a recovering U.S. IPO market with owners seeing a window of opportunity to go public," Schuster told Reuters.
He further emphasized the significance of this particular offering, stating: "StubHub remains one of the most closely watched IPOs this year and ahead of FIFA 2026."
The ticketing platform reported revenue of $1.77 billion in 2024, up from $1.37 billion in 2023, with over 40 million tickets sold globally. Despite the growth, StubHub posted a $2.8 million loss for 2024, compared to a $405.2 million profit the previous year.
StubHub plans to use the IPO proceeds to repay debt and for general corporate purposes, with J.P. Morgan and Goldman Sachs serving as lead underwriters.
Read the full article at Reuters: https://www.reuters.com/markets/deals/ticketing-marketplace-stubhub-files-us-ipo-2025-03-21/
