Stubhub, a ticketing software company, has held conversations with bankers in recent weeks about holding a first public offer before the end of the year, said two people with knowledge of the case, who test the appetite of Wall Street on a return of technical IPOs
The conversations are for the time being, said that the people who spoke about the condition of anonymity because the discussions were private. Stubhub told Wall Street analysts in an investor meeting on Thursday that it aimed to pick up more than $ 1 billion in a public offer, according to a participant.
The technical public offer market has started slowly this year. But a growing number of companies seems ready to consider government overviews, despite the market volatility that results from the constant changes of President Trump in economic policy.
Among the technology companies that explore lists this year, CoreWeave, a supplier of Cloud Computing Services for AI companies, which revealed its investor prospectus on Monday. Discord, the Social Chat app that is popular with the video community, has also met investment bankers to discuss the preparations for an IPO
A representative for Stubhub did not respond to a request for comments.
Stubhub, a ticket seller site founded in 2000 by Eric Baker and Jeff Fluhr, quickly grew in the early days. People could use the site to buy tickets for secondary market for everything, from concerts to sporting events.
In 2006, Mr Baker, who was expressed in the midst of tensions with Mr. Fluhr, founded Viagogo, a similar ticket company focused on European ticket sales and events. In 2019, VIAGOGO announced that the Stubhub bought for $ 4 billion.
Shortly thereafter, the Covid Pandemic, with lockdowns who put concerts and live performances and in fact 95 percent of Stubhub's affairs. Mr. Baker persisted the storm and the company saw an increase in the company when Lockdowns lifted and fans return to locations en masse.
The company watched an IPO last year with a rating of $ 16.5 billion, said people with knowledge of the conversations, but shot his plans in the midst of a lack of public entries from comparable companies.
Recently there have been concern about Wall Street that ticket companies see a slower revenue growth, because fans are cool at concerts after a first increase in postpandemic interest.
But managers at Stubhub have said that his company is still growing. The gross ticket sales of the company grew by almost 50 percent in the last three months of 2024, said a participant of the investor meeting on Thursday.
