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StubHub IPO filing omits co-founder raising questions about founding history
StubHub has filed for an initial public offering (IPO), listing CEO Eric Baker as the sole founder, while omitting co-founder Jeff Fluhr. The filing states Baker conceived the company in 1999 and highlights his role in founding Viagogo, which acquired StubHub for $4 billion in 2020. However, historical records indicate that Baker co-founded StubHub with Fluhr, who took over after Baker was dismissed in 2001 due to strategic disagreements.
StubHub files for IPO on New York Stock Exchange amid market recovery
StubHub has filed for an IPO on the New York Stock Exchange under the ticker symbol “STUB,” following a delay due to unfavorable market conditions. The company reported a net loss of $2.8 million on $1.77 billion in revenue for 2024, contrasting sharply with a $405 million profit on $1.37 billion in revenue in 2023. Founded in 2000 and acquired by eBay in 2007, StubHub was repurchased by co-founder Eric Baker in 2020 for $4 billion.
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