US media CNBC and The Information quoted sources as saying that the ticket selling website StubHub hopes to carry out its initial public offering (IPO) in the summer of this year, seeking a corporate valuation of at least $16.5 billion
According to the report, StubHub has hired Goldman Sachs and JPMorgan as financial advisors to handle matters related to the IPO.
Founded in 2000, StubHub quickly became one of the popular ticket selling websites. In 2007, eBay acquired the company for $310 million. In 2020, one of the group’s co-founders, Eric Baker, bought back the company’s shares for $4 billion.
StubHub, Goldman Sachs, and JPMorgan declined to comment on the above news.
+ There are no comments
Add yours