StubHub Holdings Inc. saw its stock price increase by 11.36 percent on Thursday, closing at $15.20 per share. This marked the third consecutive day of gains for the company.
Nearly 20 shareholder law firms issued reminders to investors on the same day. They urged investors to contact them before the January 23 deadline to potentially lead as a plaintiff in a lawsuit against StubHub Holdings.
The lawsuit alleges that StubHub Holdings misrepresented its business, operations, and prospects in its registration statement. Specifically, it claims the company failed to disclose changes in the timing of payments to vendors and that these changes significantly adversely impacted its free cash flow.
StubHub Holdings, which was founded in 2000, became a publicly traded company on the New York Stock Exchange on September 17, 2025. The company operates an online marketplace platform for buying and selling tickets to live events.
During its initial public offering, StubHub Holdings raised $800 million by issuing more than 34 million shares to the public.