StubHub eyes summer IPO, seeks $16.5B valuation

StubHub, I’m told, is working with advisors to go public this summer. That’s according to a person familiar with the matter and confirms an earlier report by The Information. I’m told the company is aiming for a valuation that surpasses their latest private round from 2021 that was $16.5 billion. So that would be quite the jump for CEO Eric Baker, who Co founded the company about 24 years ago, then sold it to eBay in 2007, only to buy it back for $4 billion in 2020 through another company he founded via Go Go. StubHub declined to comment on plans to go public, but this would support some of the commentary we heard this morning on the bank earnings calls today. About expectations for two Q IPO’s, most executives actually seemed encouraged by this market loosening up even further from here after Estera Labs and Reddit debuted in late March. So all of that seems to be boding well for a revival of this IPO market that’s been historically dormant. I can hear the investment bankers, Leslie saying, see, we told you the window is open. Certainly we’ve seen more activity and looks like there’s more to come. Thank you.