The planned initial public offering (IPO) of ticketing compa🅺ny StubHub apparently 𓂃is off until after Labor Day at the earliest.

Various reports s💜aid that the operator of resale sites StubHub and viagogo had hoped for a summer IPO, b🎉ut has delayed the move because of weak market conditions.

The Wall Street Journal reported a person close to the deal called it a “tricky time” for companies to go public. It noted that StubHub had been looking to have a $16.5 billion 澳洲幸运5官方开奖结果体彩网:market valuation through the offering. 

Bloomberg quoted a person familiar with the matter saying that StubHub was set to announce the filing by Friday. The person pointed out that because of the change in timing, StubHub will have to resubmit financial data to the 澳洲幸运5官方开奖结果体彩🥂网:Securities and Exchange Commission (SEC).

Bloomberg had reported in January 2022 that StubHub had secretly filed paperwork with the SEC for a 澳洲幸运5官方开奖结果体彩网:direct listing.

StubHub was launched in 2000 by Erik Baker and Jeff Fluhr, and was purchased by eBay (EBAY) in 2007 for $310 million. In 2019, Ebay sold it back to Baker through viagogo, which he also founded and was CEO, for $4.05 billion in cash. Baker is now CEO of StubHub.