Craig-Hallum notes that The Information reported that StubHub has “ambitious hopes” to list its shares at a $16.5B valuation via a late summer IPO. While the analyst argues that this valuation is “aspirational” given market conditions, the firm also contends that it highlights “how undervalued Vivid Seats shares are” currently. The firm reiterates Buy rating and $10 price target on Vivid Seats shares.
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