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STUB
CNBC
6 hrs

StubHub aims to raise up to $9.2 billion in IPO, pricing at $22 to $25 per share

1. StubHub plans IPO to raise $851 million, valuing it at $9.2 billion. 2. Shares priced between $22 and $25 in offering of over 34 million shares. 3. Company's first-quarter revenue increased 10% to $397.6 million year-over-year. 4. Net loss widened to $35.9 million, up from $29.7 million last year. 5. StubHub has a history with eBay and Viagogo, impacting its market perception.

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FAQ

Why Bullish?

The significant raise and recent revenue growth indicate positive investor interest. Historical precedents show IPOs with healthy valuations often perform well post-debut.

How important is it?

The IPO's size and market trend suggest it will influence investor sentiment and trading behavior considerably.

Why Short Term?

As new IPOs typically experience volatility, immediate market reactions will influence STUB's price. Similar cases, like Figma's IPO, demonstrate quick market adjustments.

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