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The Briefing: Why StubHub likely won’t buy a ticket to the IPO ride. Plus, The Information’s stories from this week. https://t.co/xKs0N4lJsv From @mvpeers.
StubHub wants to go public at $16.5B valuation (which was its previous round valuation from 2021. $2B in debt. 7X EBITDA Price to sales will be 10 at $1.6B revenue, growing at 15% YoY Good luck getting even close to that Most likely $6 Billion to $7B ht @theinformation https://t.co/TFS1SnIB0L
Online ticketing service StubHub is eyeing going public sometime this summer at a valuation of at least $16.5 Billion StubHub has been working with JPMorgan and Goldman Sachs over the past two years on the IPO - CNBC https://t.co/RvtRO5xRh4
StubHub, the online ticketing marketplace, is planning to go public by late summer, targeting a valuation of at least $16.5 billion, a figure that matches its valuation from a funding round in 2021. The company has been working with financial giants JPMorgan and Goldman Sachs over the past two years to prepare for the IPO. However, there are concerns about achieving this valuation, given StubHub's financials include $2 billion in debt and a 7X EBITDA. With a revenue of $1.6 billion, growing at 15% year-over-year, the price to sales ratio would be 10. Despite these ambitions, skepticism exists about reaching the desired valuation, with predictions suggesting a more likely valuation range of $6 billion to $7 billion.