(Reuters) -StubHub’s 2024 revenue surged 29.5%, the online ticketing marketplace reported on Friday in its paperwork for its New York initial public offering.
A handful of companies are moving ahead with stock market listings despite volatility in recent weeks due to uncertainty around U.S. trade policy.
Nvidia-backed startup CoreWeave and Swedish fintech Klarna are among the companies that are preparing highly-anticipated stock market listings.
New York-based StubHub will sell new shares in the proposed offering, the company said.
StubHub’s revenue jumped to $1.77 billion in 2024, compared with $1.37 billion a year earlier.
The company swung to a loss of $2.8 million in the same period from a profit of $405.2 million a year earlier.
Founded in 2000, StubHub operates a ticketing marketplace where fans can buy tickets for live events from sellers.
J.P. Morgan and Goldman Sachs are the lead underwriters for the offering.
StubHub will list on the New York Stock Exchange under the symbol “STUB.”
(Reporting by Arasu Kannagi Basil in Bengaluru; Editing by Alan Barona)
