Limited Time Offer
Get $1000 towards your
first investment
Start investing in private markets with Linqto – your access to disruptive startups and pre-IPO companies.
*Terms and conditions apply. See details
StubHub, the leading online ticket exchange and resale platform, is reportedly delaying its initial public offering (IPO) until at least September due to unpredictable market conditions. Founded in 2000 and based in New York, StubHub provides a marketplace for users to buy and sell tickets to sports, concerts, theater, and other live entertainment events. The company was acquired by Viagogo in 2019.
StubHub had previously filed confidentially with the Securities and Exchange Commission (SEC) and planned to make its paperwork public this week. However, the company has now joined several other firms in adjusting its IPO timing amid market uncertainty. Reports suggest StubHub was considering a valuation of approximately $16.5 billion for its public debut.
The IPO market has experienced mixed results in recent months, with some companies performing strongly while others have faced challenges. StubHub's decision to postpone its offering reflects a cautious approach in navigating the current economic landscape. The company may be waiting for more favorable market conditions to maximize its potential valuation and investor interest.
As a major player in the ticketing industry, StubHub's eventual IPO is likely to attract significant attention from investors and industry observers. However, the exact timing and details of the offering remain fluid, and the company could potentially push the IPO date further into the future depending on market dynamics and other factors.
Get $1000 towards your
first investment
*Terms and conditions apply. See details
While StubHub's IPO prospects remain uncertain, investors eager to gain exposure to the ticketing and live event industry don't have to wait. At Linqto, we offer members access to interests in pre-IPO private companies, including potential leaders in the entertainment and technology sectors. Our platform allows you to diversify your portfolio with lower minimum investments in promising companies before they go public, potentially benefiting from their growth and innovation in the evolving live event marketplace.
1 - Yahoo Entertainment - (Bloomberg) -- StubHub Inc. is postponing the planned launch of its US initial public offering until after the summer at the earliest, citing unfavorable...
4 - Biztoc.com - The online ticketing service had been eyeing a summer IPO, aiming for a valuation of at least $16.5 billion.
*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.
