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Stubhub eyes IPO by late summer, The Information Says

Investing.com -- StubHub is mulling plans to go public by late summer in an initial public offering that the online ticketing service business hopes will value it at about $16.5 billion, The Information reported Friday, citing unnamed sources.

Should the initial interest from potential investors fail to signal that a potential IPO could fetch a valuation of $16.5 billion, which was the valuation in 2021 when the firm last raised funding, the company may ditch plans to proceed with the IPO, the report said. 

The company confidentially filed papers for an IPO with regulators after working on an IPO with JPMorgan and Goldman Sachs over the last two years, the report added.

StubHub decline to comment. 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.