Hagens Berman, a national shareholder rights firm, has filed a securities class action lawsuit against StubHub Holdings, Inc. (NYSE: STUB). This follows the company’s September 2025 Initial Public Offering (IPO), during which it allegedly failed to disclose essential information concerning vendor payment trends that severely impacted its financial health.
Key Facts on the StubHub Case
- Company: StubHub Holdings, Inc.
- Ticker Symbol: STUB (NYSE)
- Lead Plaintiff Deadline: January 23, 2026
- Core Allegation: Failure to disclose changes in vendor payment timings affecting cash flow
- Financial Impact: 143% decline in Free Cash Flow (FCF)
Crisis Following IPO
Following its IPO, StubHub disclosed a staggering decline in its Free Cash Flow. In November 2025, the company reported a negative cash flow of $4.6 million, reflecting a 143% decrease from the previous year. This substantial drop was attributed to “changes in the timing of payments to vendors.”
The revelation led to a dramatic drop in StubHub’s stock price, which plummeted over 20% in just one day and has since traded approximately 56% lower than its initial offering price of $23.50.
Investor Guidance
Investors who acquired StubHub securities connected to the September 2025 IPO and experienced losses are encouraged to contact Hagens Berman. The firm is actively seeking to determine whether responsible disclosures were made regarding vendor payment issues.
Hagens Berman is also inviting potential whistleblowers with non-public information to reach out. Under the SEC Whistleblower program, individuals providing original information may receive rewards of up to 30% from any recovery obtained by the SEC.
For further details or inquiries regarding the ongoing investigation, investors can contact Reed Kathrein at 844-916-0895 or via email at [email protected].
About Hagens Berman
Hagens Berman is a global litigation firm specializing in corporate accountability. The firm advocates for investors, whistleblowers, consumers, and others who have suffered from corporate misconduct. With over $2.9 billion recovered for clients, Hagens Berman emphasizes transparency and corporate responsibility.
