All articles tagged with #stubhub
StubHub's stock fell 6.4% on its first day of trading on Wall Street, despite raising approximately $800 million in its IPO, reflecting a lackluster market reception amid ongoing industry criticisms and slow revenue growth.
StubHub's IPO raised $800 million, with shares opening slightly above the offering price of $23.50, reflecting strong investor interest in the ticket resale marketplace. The company, which processed over 40 million ticket sales last year and reported a 29.5% revenue increase to $1.77 billion in 2024, faces competition from TicketMaster and others, amid regulatory scrutiny of the ticket resale industry.
StubHub is set to go public with an IPO priced at $23.50 per share, valuing the company at $8.6 billion, amid strong demand but facing challenges like competition, slowing growth, and high insider control. The stock begins trading on Wednesday, but investors should be cautious as IPOs can be volatile and face downward pressure after initial gains.
StubHub, a ticket reseller backed by Madrone Partners, is planning an IPO in the US with a target valuation of up to $9.2 billion, seeking to raise up to $851 million. The company aims to list on the NYSE under the ticker 'STUB' and is part of a recovering IPO market driven by strong tech earnings and buoyant equity markets. Despite a lower target valuation compared to previous estimates, investor interest remains high amid a booming live events industry and recent successful market debuts.
The IPO market is rebounding with 202 IPOs in the U.S. this year, including notable companies like Figma, Firefly Aerospace, Klarna, StubHub, and others, with several more expected to go public in 2025, signaling renewed investor interest and market activity.
Caitlin Clark's record-breaking success with the Iowa women's basketball team has not only drawn attention to her own talent but has also significantly increased interest and ticket sales in women's college basketball overall, with StubHub reporting a 75% increase in ticket sales compared to last season. Other stars like LSU's Angel Reese and USC's JuJu Watkins have also contributed to the surge in ticket prices, indicating a growing excitement and recognition of talent in women's college basketball.
Super Bowl ticket prices for the championship game in Las Vegas are surging, with StubHub predicting it could end up as the most expensive ever, averaging around $8,600 per ticket. Fans from both the Kansas City Chiefs and San Francisco 49ers have expressed frustration at the high prices, with some considering flying home to watch the game. Despite the high costs, demand continues to rise, with 38% of sales from California and 10% from Missouri and Kansas.
The average price of tickets to the 2024 Super Bowl is around $8,600, with the cheapest face-value tickets sold by the NFL at about $2,000. However, resale prices on platforms like StubHub and Ticketmaster are significantly higher, with the lowest-priced tickets currently running at $6,500 and $8,333 respectively. Resellers are asking up to $45,000 for a ticket, making it difficult for the average fan to afford attending the game, which will be broadcast live on Sunday, Feb. 11, from Allegiant Stadium in Las Vegas, Nevada.
The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas and the significant price hikes for Raiders home games at Allegiant Stadium. StubHub reports strong sales, with the 49ers fan base driving the most demand, and buyers from 16 countries outside the United States.
The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas, with strong sales trends pointing to an expected peak buying period on Thursday. StubHub has seen strong sales, with the 49ers fan base accounting for the most demand, and buyers from 16 countries outside the United States.
San Francisco 49ers fans are leading the pack in purchasing high-priced Super Bowl tickets, with sales nearly double from last year. The average price for tickets already sold is $9,300, and California is leading among buyers with 26% of tickets sold, followed by Nevada at 8% and Kansas and Missouri at 7%. The interest in the two teams is drastically higher than their last meeting in the Super Bowl, with sales outpacing 2020 sales by 147% when compared to the same time frame.
The least expensive tickets to Game 5 of the Stanley Cup Final between the Golden Knights and Florida Panthers at T-Mobile Arena on no-fee secondary ticket marketplace TickPick Monday was listed at $805 for a standing room only option in Hyde Lounge. TickPick’s average list price for tickets to Game 5 was at $2,443, with 1,116 tickets available as of Monday morning. The average list price on StubHub's secondary market for Game 5 is $2,447, which is up 33 percent since the start of the series.
Lionel Messi's decision to play for Inter Miami in Major League Soccer has caused a surge in ticket prices, with StubHub reporting a nearly 28-fold increase in sales since the announcement. The average price for Inter Miami games has jumped from just under $25 to just over $124, and the team's game against Los Angeles Football Club is on track to be the top seller. Messi's decision to play in the US comes after winning the World Cup with Argentina and spurning a generous offer from Saudi Arabia and his former team, Barcelona.
A father from Massachusetts paid $21,000 for last-minute tickets to a Taylor Swift concert after not receiving the $1,900 tickets he initially purchased as a Christmas gift for his daughter. He bought the tickets from another reseller and rented a limousine to take his daughter and her friends to the concert. The father expressed frustration with StubHub and the third-party seller for their incompetence. StubHub has since agreed to refund him in 10 business days.
A Massachusetts dad spent $21,000 on four tickets to a Taylor Swift concert after the ones he bought on StubHub last year for his daughter as a Christmas present never arrived. Anthony Silva originally spent around $1,800 for the four tickets last November on StubHub, but the ducats were never delivered, and the company told him replacement seats weren’t available. Silva said while StubHub plans to refund his original purchase, he doesn’t think resellers should wait “until the day before for the tickets to be sent out.”