StubHub eyes summer IPO, seeks $16.5 billion valuation

Online ticketing service StubHub is preparing for an initial public offering (IPO) this summer, with a target valuation of at least $16.5 billion. The company has been working with JPMorgan and Goldman Sachs for the past two years on the IPO. StubHub, which was bought by eBay in 2007 and later reacquired by its co-founder, has seen increased interest in the live events marketplace due to the demand for out-of-home entertainment and experiences. If the IPO goes ahead, StubHub will join competitors Vivid Seats and Live Nation in the public market.