Investing.com — StubHub is mulling plans to go public by late summer in an initial public offering that the online ticketing service business hopes will value it at about $16.5 billion, The Information reported Friday, citing unnamed sources.
Should the initial interest from potential investors fail to signal that a potential IPO could fetch a valuation of $16.5 billion, which was the valuation in 2021 when the firm last raised funding, the company may ditch plans to proceed with the IPO, the report said.
The company confidentially filed papers for an IPO with regulators after working on an IPO with JPMorgan and Goldman Sachs over the last two years, the report added.
StubHub decline to comment.
