The online ticketing service StubHub is looking into an initial public offering to occur this summer and aiming for a valuation of at least $16.5 billion, the amount it was valued for during its last round of private funding in late 2021.
Launched in 2000, StubHub was purchased by eBay in 2007 and then reacquired by its cofounder Erik Baker in 2020 for $4 billion. The company has reportedly been working on the IPO with Goldman Sachs and JPMorgan for the past two years.
If StubHub does launch an IPO, it will trade against rivals Vivid Seats, with a market cap of $1.2 billion, and Live Nation, which is valued at nearly $24 billion. Another competitor, SeatGeek, is supposedly also eyeing an IPO this year.
