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StubHub is floating the idea for a $16.5 billion initial public offering (IPO) as the summer approaches.
According to a report, the digital ticketing service has been working with major banks JP Morgan and Goldman Sachs for the past two years. information.
StubHub IPO
Digital and online ticket sales have experienced continuous growth over the past decade. This is because apps and online services have become more accessible and portable, allowing people to attend music and sporting events.
Stubhub has been an established brand for several years and was valued at $16.5 billion in 2021. If it were to consider raising public funds again, Stubhub would need to raise at least that amount to show investors it could see some growth. 3 years.
Founded in 2009, the company was an early market leader as the leading brand for ticket purchasing in the United States and has numerous international offices. The company’s “Deal Core” system is the backbone of its successful business strategy.
of stub hub site “For more than 20 years, StubHub has been the leading marketplace for fans to buy and sell tickets. Today, with our unique FanProtect guarantee, best-in-class customer service, and solid product features, we Together with viagogo, we are present in over 90 countries around the world. ”
The COVID-19 pandemic and the rapid acceleration of digitized services also contributed to the success of companies such as StubHub, Vivid Seat, Live Nation, and SeatGeek.
Since the pandemic era, the base price of tickets for big brands has exploded. This can be seen in Taylor Swift’s rise to the Forbes Billionaires list and her record-breaking financial fortune, the Elas Tour.
Reported Top 10 Forbes Billionaires List and their incomes. The report also found that there are now more billionaires in America than ever before.
SeatGeek was last valued at $1 billion, Vivid Seat was valued at $1.2 billion, and Live Nation was valued at $24 billion. StubHub will be hoping to displace Live Nation as the biggest player in the ticketing game, but we’ll have to wait for more information on this potential deal with JPMorgan and Goldman Sachs.
JPMorgan and Goldman Sachs have so far made no public comment about their involvement in StubHub.
image: Ideographic characters.
post Stubhub eyes summer initial public offering It first appeared deadline.