CNBC News (07/12/24) Picker, Leslie; Whitten Sarah

CNBC News sources are reporting that StubHub is delaying a potential initial public offering (IPO) until after Labor Day. The online ticketing service had previously been targeting a summer IPO, aiming for a valuation of $16.5 billion. However, stagnant market conditions marked by a lack of major consumer IPOs in recent months have prompted executive management to postpone. StubHub, a player in the ticketing industry since its 2000 launch, has been collaborating with Goldman Sachs and JPMorgan over the last couple of years on the IPO.

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