StubHub Files Registration Statement for Proposed Initial Public Offering
StubHub, a leading global secondary ticketing marketplace for live events, has filed a registration statement with the SEC for a proposed Initial Public Offering (IPO) of its Class A common stock. The company plans to list on the New York Stock Exchange under the ticker symbol 'STUB'.
While the specific number of shares and price range are yet to be determined, the company has appointed multiple financial institutions to manage the offering. J.P. Morgan and Goldman Sachs will serve as lead joint book-running managers, with additional support from institutions including BofA Securities, Evercore ISI, BMO Capital Markets, and others.
StubHub, un importante marketplace globale di rivendita di biglietti per eventi dal vivo, ha presentato una dichiarazione di registrazione alla SEC per una proposta di Offerta Pubblica Iniziale (IPO) delle sue azioni ordinarie di Classe A. L'azienda prevede di quotarsi alla New York Stock Exchange con il simbolo ticker 'STUB'.
Sebbene il numero specifico di azioni e l'intervallo di prezzo debbano ancora essere definiti, l'azienda ha nominato diverse istituzioni finanziarie per gestire l'offerta. J.P. Morgan e Goldman Sachs fungeranno da gestori principali dell'offerta, con ulteriore supporto da istituzioni come BofA Securities, Evercore ISI, BMO Capital Markets e altre.
StubHub, un importante mercado global de reventa de entradas para eventos en vivo, ha presentado una declaración de registro ante la SEC para una propuesta de Oferta Pública Inicial (IPO) de sus acciones ordinarias de Clase A. La compañía planea cotizar en la New York Stock Exchange bajo el símbolo ticker 'STUB'.
Aunque el número específico de acciones y el rango de precios aún deben determinarse, la empresa ha nombrado a varias instituciones financieras para gestionar la oferta. J.P. Morgan y Goldman Sachs actuarán como gestores principales de la oferta, con apoyo adicional de instituciones como BofA Securities, Evercore ISI, BMO Capital Markets y otras.
StubHub, 라이브 이벤트를 위한 글로벌 2차 티켓 거래 시장의 선두주자인, IPO(기업 공개)를 위한 등록 서류를 SEC에 제출했습니다. 이 회사는 뉴욕 증권 거래소에 'STUB'라는 티커 기호로 상장할 계획입니다.
구체적인 주식 수와 가격 범위는 아직 결정되지 않았지만, 이 회사는 여러 금융 기관을 지정하여 이 공모를 관리하도록 했습니다. J.P. Morgan과 Goldman Sachs가 공동 주관 매니저로서 주요 역할을 하며, BofA Securities, Evercore ISI, BMO Capital Markets 등 여러 기관이 추가 지원을 제공합니다.
StubHub, un marché secondaire mondial de premier plan pour la revente de billets d'événements en direct, a déposé une déclaration d'enregistrement auprès de la SEC pour une Introduction en Bourse (IPO) proposée de ses actions ordinaires de Classe A. L'entreprise prévoit de s'inscrire à la New York Stock Exchange sous le symbole boursier 'STUB'.
Bien que le nombre spécifique d'actions et la fourchette de prix doivent encore être déterminés, l'entreprise a nommé plusieurs institutions financières pour gérer l'offre. J.P. Morgan et Goldman Sachs agiront en tant que gestionnaires principaux de l'offre, avec un soutien supplémentaire d'institutions telles que BofA Securities, Evercore ISI, BMO Capital Markets et d'autres.
StubHub, ein führender globaler Marktplatz für den Wiederverkauf von Tickets für Live-Veranstaltungen, hat eine Registrierungserklärung bei der SEC für ein geplantes Initial Public Offering (IPO) seiner Stammaktien der Klasse A eingereicht. Das Unternehmen plant, an der New York Stock Exchange unter dem Tickersymbol 'STUB' gelistet zu werden.
Während die genaue Anzahl der Aktien und der Preisbereich noch festgelegt werden müssen, hat das Unternehmen mehrere Finanzinstitute beauftragt, das Angebot zu verwalten. J.P. Morgan und Goldman Sachs werden als Hauptbuchführer fungieren, mit zusätzlicher Unterstützung von Institutionen wie BofA Securities, Evercore ISI, BMO Capital Markets und anderen.
- Filing for IPO indicates potential access to public capital markets
- Strong lineup of prestigious investment banks as underwriters
- Position as a leading global secondary ticketing marketplace
- Undetermined offering size and price range creates uncertainty
- Potential dilution for existing shareholders
- Registration statement not yet effective, indicating possible delays
Insights
StubHub's IPO filing marks a significant milestone in the secondary ticketing industry. As a leading global marketplace for live event tickets, StubHub is positioning itself to capitalize on public market funding after previously being acquired by Viagogo for
The company has assembled an impressive lineup of underwriters, with J.P. Morgan and Goldman Sachs leading the offering, followed by eight additional joint book-running managers. This extensive banking syndicate suggests expectations for substantial investor interest and indicates the scale of the offering.
While the filing lacks critical details like offering size, valuation targets, and financial performance metrics, the NYSE listing application under ticker "STUB" signals confidence in meeting exchange requirements. Investors should watch for the preliminary prospectus to evaluate StubHub's revenue growth, profitability metrics, market share position against competitors like SeatGeek and Vivid Seats, and post-pandemic recovery trajectory.
The timing of this filing suggests management believes market conditions are favorable despite recent IPO market volatility. The live events sector has shown strong post-pandemic recovery, potentially making this an opportune moment for StubHub to access public capital markets and provide liquidity for existing shareholders.
StubHub has applied to list its Class A common stock on the New York Stock Exchange ("NYSE") under the ticker symbol "STUB."
J.P. Morgan and Goldman Sachs & Co. LLC will act as lead joint book-running managers for the proposed offering. BofA Securities, Evercore ISI, BMO Capital Markets, Mizuho, TD Cowen, Truist Securities and Wolfe | Nomura Alliance will act as additional joint book-running managers. Citizens Capital Markets, Oppenheimer & Co., Wedbush Securities and PNC Capital Markets LLC will act as co-managers for the proposed offering.
The proposed offering will be made only by means of a prospectus. Copies of the preliminary prospectus, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue,
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About StubHub
StubHub is a leading global secondary ticketing marketplace. Through StubHub in
Contacts
Ash Spiegelberg and Darren McDermott
StubHub@brunswickgroup.com
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SOURCE StubHub
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