The StubHub logo is visible at the San Francisco headquarters.
Andrej Sokolow | Alliance in pictures | Getty Images
StubHub is considering an IPO this summer, a person familiar with the matter told CNBC.
The online ticketing service is targeting a valuation of at least $16.5 billion, which is what it was valued at at the end of 2021 during its last round of private financing.
The company worked with J.P. Morgan And Goldman Sachs over the past two years during the IPO. L’Information was the first to report the news.
StubHub has been a long-standing player in the ticketing industry since its launch in 2000. It was acquired by eBay for $310 million in 2007, but bought by its co-founder Eric Baker in 2020 for $4 billion via his new company Viagogo.
Online ticketing rival SeatGeek is also reportedly evaluating a possible IPO this year. If StubHub enters the public market, it will trade alongside its competitors Vivid seats And Living Nation. Vivid Seat has a market cap of $1.2 billion and Live Nation is valued at just under $24 billion, according to FactSet.
The live events market has flourished in the wake of the pandemic, as people have turned to out-of-home entertainment and experiences. Record concert ticket sales, like those recorded for Taylor Swift’s Eras Tour and Beyoncé’s Renaissance Tour, have fueled revenue for ticketing companies across the board.
StubHub, JPMorgan and Goldman Sachs all declined to comment on the potential timing of an IPO.
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