StubHub’s gross merchandise sales, representing the total value paid by ticket buyers, including fees and proceeds to sellers, rose to US$4.4 billion in the six months ended June 30, above the US$3.9 billion in the same period last year. Photo by Staff
Ticket selling platform StubHub Holdings Inc. is seeking to raise as much as US$851 million in an initial public offering.
The New York-based company plans to offer about 34 million shares for US$22 to US$25 each, according to its filing Monday with the U.S. Securities and Exchange Commission . At the top of the range, StubHub would have a market value of about US$9.2 billion based on the outstanding shares listed in its filing.
StubHub had a net loss of US$76 million on revenue of US$827.9 million in the six months ended June 30,