StubHub is pushing back the launch of its initial public offering until at least September, Corrie Driebusch of Wall Street Journal reports, citing a person familiar with the matter. StubHub, which was eyeing a valuation of about $16.5B, had planned to make its IPO paperwork public by the end of the week, but the timing has now shifted, the person said. The company is delaying the deal until after Labor Day due to current market conditions, the source added. It is a “tricky time” for IPOs, a person close to the deal told the Journal. Live Nation Entertainment (LYV) is a publicly traded competitor in the event ticketing space.
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