(Reuters) -Madron Partners-backed StubHub is targeting a valuation of up to $9.2 billion in its U.S. initial public offering, the ticket resale platform said on Monday, becoming the latest company to resume listing plans delayed in April by tariff uncertainty.
The company is looking to sell about 34 million shares, priced between $22 and $25 each, to raise up to $851 million.
Buoyant equity markets and robust tech earnings have sparked a long-awaited recovery in the IPO market this fall, after uncertainty from U.S. trade policy forced a slew of companies including StubHub to delay listing plans earlier this year.
The company, one of the biggest secondary ticketing marketplaces for live events, is aiming to trade on the New York Stock Exchange under the ticker symbol “STUB”.
J.P.Morgan and Goldman Sachs are the lead underwriters.
(Reporting by Ateev Bhandari and Arasu Kannagi Basil in Bengaluru)
