TourOpp’s Post

StubHub Prepares for IPO - StubHub, the operator of ticketing resale platforms StubHub and Viagogo, reported $350 million in EBITDA for the year ending in March, as it gears up for an IPO. The company generated $1.4 billion in revenue during this period and recorded $505 million of unlevered free cash flow. - StubHub is in the early stages of discussions with potential investors regarding its IPO, with Goldman Sachs, JPMorgan Chase & Co., and Bank of America acting as advisors. The IPO could be launched as soon as July, although final decisions have yet to be made, and details may change. - The timing of StubHub's IPO comes amidst significant legal challenges in the ticketing industry. The US Department of Justice has filed a lawsuit against Live Nation Entertainment, aiming to force the sale of its ticketing arm, Ticketmaster. This could potentially create a more competitive landscape for platforms like StubHub and Viagogo. - Previously, StubHub considered going public via a direct listing in 2022, with an estimated valuation exceeding $13 billion. The company had confidentially filed with the SEC at that time. - StubHub's competitor, Vivid Seats Inc., which went public through a merger with a blank-check company in 2021, has seen its shares decline by about 60% since listing. Vivid Seats reported $142 million in adjusted EBITDA and $712.9 million in revenue for 2023, trading at a multiple of approximately 12.2 times earnings. - StubHub and viagogo operate in over 90 countries. The company is led by CEO Eric Baker, one of StubHub's co-founders, who left before the company was sold to eBay for $310 million in 2007. Baker later founded Viagogo in Europe, which acquired StubHub for $4.05 billion in 2019. #StubHub #IPO #FinancialPerformance #TicketingIndustry #Viagogo #EBITDA #GoldmanSachs #JPMorgan #BankofAmerica #StockMarket

What do Taylor Swift and Beyonce have to do with the IPO market? Stubhub, the well-known online ticketing service, could be going public this year. With a valuation of at least $16.5 billion, it’s already two years into its IPO preparations, working with JPMorgan and Goldman Sachs. But they’re not the only players on the field. SeatGeek, an online ticketing rival, is also looking into an IPO in the upcoming year. Both companies would be joining others like Vivid Seats and Live Nation on the public markets. Post-pandemic, live events have exploded in popularity. We’ve seen record-breaking ticket sales from Taylor Swift and Beyonce, skyrocketing the revenues for ticketing companies. I'm not kidding! Swift sold 4.35 million tickets in her recent Era’s Tour, bringing in $1.04 billion. I’m not a Swifty, but even I’ll admit that it's impressive!

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). 1. Localzz sets goal to 7.5 million total listings in 2025. Then mapping time frame to 10 million, 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO

There are many methods to grow a company, but acquisition is a surefire way to get to scale quickly. As a business executive, how do you decide between acquisition and organic growth? Share your thoughts in the comments! #growthstrategy #newstores #conveniencestores #strategy Check out this recent acquisition in the convenience store industry: https://lnkd.in/evDvedqw

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). 1. Localzz sets goal to go from 4 to 5 million listings in 2024 to 8 to 20 million in listing in 2025. Then mapping time frame to 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). 1. Localzz sets goal to go from 4 to 5 million listings in 2024 to 8 to 20 million in listing in 2025. Then mapping time frame to 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). 1. Localzz sets goal to 7.5 million total listings in 2025. Then mapping time frame to 10 million, 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). Localzz might be looking to join a company set on a path for IPO. 1. Localzz sets for to 10 million total listings in 2025. Then mapping time frame to 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO

In the last 90 days, 8F launched 2 new business units 1 hit 200k ARR in its first 30 days The other hit 100k ARR in its first 60 I was highly skeptical of launching new offers/business units in 2023 I realized in 2024, when you already have scale, its an effective way (WHEN DONE RIGHT!) to continue to grow quickly

The Localzz to review staying privately owned or making a strategic merger or combination (path to IPO, partnership, sale, or to be acquired). Localzz might be looking to join a company set on a path for IPO. 1. Localzz sets goal for to 7.5 million total listings in 2025. Then mapping time frame to 25 million, and 100 million 2. Localzz looks to go from 106 marketplaces to over 500+ marketplaces. 3. Localzz looks to build, partner, or launch advertising SaaS and Listings SaaS to manage listings on 500+ marketplaces. Localzz.com #Localzz #StrategicPartnership #acquisition #partnership #IPO