StubHub IPO Back on Track: Fresh S-1 Filing Indicates Debut Next Month, Raising Anticipation for Potential $1 Billion Offering

StubHub’s indications suggest a potential resurgence of its Initial Public Offering (IPO) plans, following the filing of a revised S-1 last Monday. The initial filing occurred in late March, but was halted in April due to market volatility caused by the Trump administration’s tariffs.

The updated S-1 now includes Q1 2025 financial results, indicating a possible return to the public markets as early as next month, according to IPO experts at Renaissance Capital. StubHub has remained silent on its IPO plans, citing a quiet period.

In 2024, the company reported nearly $1.8 billion in revenue and posted a net loss of just $2.8 million. Madrone Partners is the largest shareholder, holding 27.1% of the shares, followed by WestCap Management with 10.8% and Bessemer with 9.6%. Eric Baker, founder and CEO, holds only 5.2% of the Class A shares but controls 4.95 million super-voting Class B shares, giving him a voting power of 90%.