Co-founder of StubHub files for IPO, aims to reduce debt, invest in growth

From Yahoo Finance: 2025-03-21 19:39:00

Eric Baker, co-founder of StubHub, files for public listing of shares in the company that generated $299 million in EBITDA on $1.77 billion in sales last year. Baker holds 5.2% of Class A shares and controls over 90% of voting power. Proceeds will reduce debt and invest in the business. StubHub survived pandemic shutdowns, sees growth potential in offering tickets directly from artists and teams, and sold over $100 million in primary market seats last year. Baker aims to improve ticket-buying experience for consumers. StubHub’s profits declined as it invests in new initiatives.



Read more at Yahoo Finance: StubHub Co-Founder Takes Tortuous Path to Initial Share Offering