This year as soon as possible, Stub Saheb Eyes Possible IPO

A ticketing software company Stubahb has interacted with bankers in recent weeks, about keeping an initial public offer before the end of the year, two people with knowledge of this case said, Wall Street Hunger Test for Return of Tech IPO

The talks are initial, people said, who spoke on the condition of anonymity because the discussion was private. Stubahb told Wall Street analysts at an investor meeting on Thursday that it was a target to raise more than $ 1 billion in a public offer, according to a participant.

Tech Public Offering Market has come in a slow start this year. But the increasing number of companies appear to be ready to consider public listing, despite the continuous change in the economic policies of President Trump despite the market volatility.

This year is a provider Korwave, a provider of cloud computing services for AI companies, who unveiled their investor prospectus on Monday. Popular Social Chat App Discords with video game community also met with investment bankers to discuss IPO preparations.

A representative of the Stubhub did not respond to the request of the comment.

A ticket resilting site Stubhub, a ticket resulting in 2000 by Eric Baker and Jeff Fluhr, quickly rose in its early days. People can use the site to buy secondary-market tickets for everything from concerts to sports events.

In 2006, Mr. Baker, who was pushed amid tension with Mr. Fluhar, established Viagogo, one such ticketing company that focused on European ticket resale and events. In 2019, Viagogo announced that he was buying Stubhub for $ 4 billion.

Shortly thereafter, the Kovid epidemic hit, the concert with lockdown and live performance were included in the 95 percent Stubhub business on hold and in effect. Mr. Baker Had to face stormAnd the company saw a bounce in the business as the lockdown was raised and the fan Venue returned to An Mass.

The company looked at an IPO on an $ 16.5 billion evaluation last year, saying people with knowledge of the talks, but sheltered their plans amid lack of public listing of similar companies.

Recently, Wall Street is concerned that ticketing companies are looking into slow sales because fans are cool on music festivals after the initial bounce of post -pendemic interest.

But Stubhub officials have said that its business is still growing. On Thursday, a participant of the investor meeting said that in the last three months of 2024, the company’s gross ticket sales increased by 50 percent.