StubHub Raises $800M With Long-Awaited IPO

StubHub priced its initial public offering at $23.50 late Tuesday, raising $800 million on 34 million shares, as the long-awaited move for the secondary ticket seller finally came to fruition.

The company’s valuation after the IPO is $8.6 billion. The price, raise and valuation were all within the expected ranges and shares from the IPO are expected to begin trading on the New York Stock Exchange — where founder and CEO rang the opening bell Wednesday — later today.

In Securities and Exchange Commission filings ahead of the IPO, the company — which processed more than 40 million transactions last year — showed strong revenue growth but a run of losses on the bottom line, but it doesn’t seem to have spooked the Street.

StubHub’s IPO has been in the works for years and the company filed to begin trading in March, before pausing the move as the initial tranche of President Donald Trump’s tariffs roiled the market and the broader economy.

Competitor Vivid Seats went public with its own IPO in October 2021 at $10 per share and eventually peaked at $97 in January 2025. Since then, though, shares of Vivid have cratered and were trading near $17 midday Wednesday.