📝 StubHub working on $1B IPO

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After pausing plans in April amid market jitters over tariffs, StubHub is back in IPO mode, filing an updated S-1 on Monday that includes its first-quarter 2025 results and signals a possible debut as soon as next month. Renaissance Capital estimates the ticketing platform could raise $1 billion, following a 2024 performance of $1.8 billion in revenue and a slim $2.8 million net loss. While founder and CEO Eric Baker owns just 5.2% of Class A shares, his full control of the super-voting Class B shares gives him 90% of the voting power. Major shareholders include Madrone Partners (27.1%), WestCap Management (10.8%), and Bessemer (9.6%), positioning the company for a high-profile return to public markets.

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