StubHub Considering IPO As Soon As July, Taps Goldman Sachs, JPMorgan, And BofA; Reports $350M EBITDA
Portfolio Pulse from Benzinga Newsdesk
StubHub is considering an IPO as soon as July and has enlisted Goldman Sachs, JPMorgan, and Bank of America to assist. The company reported $350 million in EBITDA.
June 10, 2024 | 5:35 pm
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NEUTRAL IMPACT
StubHub, previously owned by Live Nation, is considering an IPO, which could impact Live Nation's stock as investors assess the implications.
While StubHub's IPO could have indirect effects on Live Nation, the direct impact on Live Nation's stock price is less certain.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Bank of America has been chosen by StubHub to assist with its potential IPO, which could boost the bank's investment banking revenues.
Bank of America's involvement in StubHub's IPO could lead to increased investment banking revenues, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Goldman Sachs has been tapped by StubHub to assist with its potential IPO, which could boost the bank's investment banking revenues.
Goldman Sachs' involvement in StubHub's IPO could lead to increased investment banking revenues, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JPMorgan has been selected by StubHub to help with its potential IPO, which could enhance the bank's investment banking division.
JPMorgan's role in StubHub's IPO could lead to increased investment banking revenues, positively impacting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80