All articles tagged with #stubhub
CBC reports, via StubHub’s IPO filings, that CEO Eric Baker is a major stakeholder in Andro Capital, a hedge fund funding large-scale ticket purchases and providing seller financing through Colloquy LLC, effectively intertwining StubHub with scalping operations and raising concerns about price inflation and consumer harm; StubHub says it’s merely a tech platform, but the disclosures suggest closer ties to scalpers and warrant scrutiny.
Fans who bought World Cup tickets on StubHub were left stranded when orders were canceled last minute, forcing families to cancel or alter travel plans and incur thousands in travel costs; a proposed class-action alleges StubHub failed to deliver paid tickets as speculative ticketing and platform issues draw scrutiny. FIFA and StubHub argue over who’s at fault, with experts criticizing the resale market; StubHub has a FanProtect Guarantee but the fine print often leaves buyers out-of-pocket.
An 89-year-old San Diego man, Chico Mendez, missed Mexico’s World Cup match after his granddaughter paid $6,000 for StubHub tickets that never loaded at the stadium; a viral TikTok drew attention, StubHub refunded the money and offered a VIP travel package for a future game, with Mexico's next match against Czechia in Mexico City.
World Cup fans who bought tickets on resale sites like StubHub found they weren’t delivered, sometimes leading to canceled trips or paying much higher prices for replacements; the piece argues that speculative “ghost ticketing”—sellers listing tickets they don’t yet have—drives many unfulfilled orders and questions the reliability of secondary marketplaces’ “honor system,” even as platforms offer refunds or replacements and FIFA’s tech/transfer issues complicate the process.
The Federal Trade Commission announced a $10 million settlement with StubHub after finding it violated the Fees Rule by advertising ticket prices without clearly disclosing the total upfront, including mandatory fees. The funds will be used for consumer redress, and the order bans misrepresenting total prices and requires clear disclosure of all fees before purchase.
StubHub's stock fell 6.4% on its first day of trading on Wall Street, despite raising approximately $800 million in its IPO, reflecting a lackluster market reception amid ongoing industry criticisms and slow revenue growth.
StubHub's IPO raised $800 million, with shares opening slightly above the offering price of $23.50, reflecting strong investor interest in the ticket resale marketplace. The company, which processed over 40 million ticket sales last year and reported a 29.5% revenue increase to $1.77 billion in 2024, faces competition from TicketMaster and others, amid regulatory scrutiny of the ticket resale industry.
StubHub is set to go public with an IPO priced at $23.50 per share, valuing the company at $8.6 billion, amid strong demand but facing challenges like competition, slowing growth, and high insider control. The stock begins trading on Wednesday, but investors should be cautious as IPOs can be volatile and face downward pressure after initial gains.
StubHub, a ticket reseller backed by Madrone Partners, is planning an IPO in the US with a target valuation of up to $9.2 billion, seeking to raise up to $851 million. The company aims to list on the NYSE under the ticker 'STUB' and is part of a recovering IPO market driven by strong tech earnings and buoyant equity markets. Despite a lower target valuation compared to previous estimates, investor interest remains high amid a booming live events industry and recent successful market debuts.
The IPO market is rebounding with 202 IPOs in the U.S. this year, including notable companies like Figma, Firefly Aerospace, Klarna, StubHub, and others, with several more expected to go public in 2025, signaling renewed investor interest and market activity.
Caitlin Clark's record-breaking success with the Iowa women's basketball team has not only drawn attention to her own talent but has also significantly increased interest and ticket sales in women's college basketball overall, with StubHub reporting a 75% increase in ticket sales compared to last season. Other stars like LSU's Angel Reese and USC's JuJu Watkins have also contributed to the surge in ticket prices, indicating a growing excitement and recognition of talent in women's college basketball.
Super Bowl ticket prices for the championship game in Las Vegas are surging, with StubHub predicting it could end up as the most expensive ever, averaging around $8,600 per ticket. Fans from both the Kansas City Chiefs and San Francisco 49ers have expressed frustration at the high prices, with some considering flying home to watch the game. Despite the high costs, demand continues to rise, with 38% of sales from California and 10% from Missouri and Kansas.
The average price of tickets to the 2024 Super Bowl is around $8,600, with the cheapest face-value tickets sold by the NFL at about $2,000. However, resale prices on platforms like StubHub and Ticketmaster are significantly higher, with the lowest-priced tickets currently running at $6,500 and $8,333 respectively. Resellers are asking up to $45,000 for a ticket, making it difficult for the average fan to afford attending the game, which will be broadcast live on Sunday, Feb. 11, from Allegiant Stadium in Las Vegas, Nevada.
The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas and the significant price hikes for Raiders home games at Allegiant Stadium. StubHub reports strong sales, with the 49ers fan base driving the most demand, and buyers from 16 countries outside the United States.
The get-in ticket prices for Super Bowl LVIII at Allegiant Stadium are on track to be the most expensive in the game's history, with the cheapest available seat hovering around $7,790, surpassing the previous record set during the pandemic-reduced capacity Super Bowl in 2021. The demand reflects the historic nature of the first Super Bowl in Las Vegas, with strong sales trends pointing to an expected peak buying period on Thursday. StubHub has seen strong sales, with the 49ers fan base accounting for the most demand, and buyers from 16 countries outside the United States.