Stuubhub plans to subscribe to a new test of Wall Street for technology shares

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STUBHub, the online ticket market that has received a large group of Taylor Swift’s Eras Concept, made an American primary public offer testing the investor’s appetite for technology lists amid a decline in Wall Street shares.

The New York -based company said on Friday file that it had planned to include its shared shares on the New York Stock Exchange under the heel of the symbol.

Stumbhub did not reveal the size or price scope of the sale of stocks, but it seeks to raise more than a billion dollars in the offer, according to the people close to the matter, which implicitly means a market value of about $ 16.5 billion. JPMorgan and Goldman Sachs will work as a major commander.

Last year, the group told a net loss of $ 2.8 million on revenues of $ 1.77 billion, making a profit of $ 405 million on revenues of $ 1.37 billion in 2023, according to its introduction to American organizations. Stumbhub had accumulated debts of $ 1.5 billion from the end of last year. He said that “physical weaknesses” were identified in its internal control over financial reports.

The Stumbhub file comes at a time when President Donald Trump’s agenda runs the trade US sharesThe players are concerned about the slow economic growth and doubts about the revival of the public subscription market after a three -year drought caused by high interest rates.

But the activity of the capital in the United States has chosen in recent weeks despite fluctuations and a decrease of 3.6 percent in the S&P 500 this year.

Google Parent Alphabet on Monday agreed to buy Wiz Starting Cyber ​​Security for $ 32 billion, while Coreweave, the Data Center operator in New Jersey, said that she wants to collect up to $ 2.7 billion in what is expected to be the largest technology Public subscription From the year. Clarna, the Swedish Fintech collection, also presented a list in New York this month.

He participated in the establishment of Stuubhub Eric Baker in 2000, who left the company before buying it by EBAY for $ 310 million after seven years. Then it was obtained for a little more than 4 billion dollars by Viagogo, which Baker started in 2006, in 2019.

Last year, consumers bought more than 40 million tickets from more than 1 million sales in the Stumbhub Market. The company told the total sales of 8.7 billion dollars in 2024, an increase of 27 percent over the previous year.

Swift’s 2023 Eras Tour, which represents $ 665 million, or about 10 percent of the group’s annual ticket sales of that year.