 |
Brunswick Group is handling news that ticket reseller StubHub plans to go public on the New York Stock Exchange, issuing Class A shares.
As holders of Class B shares, CEO/founder Eric Baker and his family members will retain voting control of StubHub following the IPO.
StubHub is the global leader in the ticket reseller market. It handled 40M transactions from 1M customers during the past year. The company posted $1.7B in 2024 revenues, and chalked up a $55M net loss.
StubHub sees a bright future in the direct ticketing sector, of which it generated $100M in revenues in 2024.
“Our direct issuance offering is in the early stages of what we believe will be a major disruption to the way original issuance tickets are distributed,” says StubHub in its prospectus. “We believe that we are well-positioned to enable more categories of live events and experiences on our marketplace, further monetize ancillary revenue streams and play an even more vital role in the ecosystem in the future.”
Brunswick Group’s Ash Spiegelberg and Darren McDermott represent StubHub.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
