StubHub Co-Founder Takes Tortuous Path to Initial Share Offering

This time it isn’t concert tickets Eric Baker is selling. It’s shares of StubHub Holdings Inc., the company he co-founded and has owned on and off for a quarter century.

The 51-year-old chief executive officer filed on Friday for a public listing of shares in the business, which generated adjusted earnings before interest, taxes, depreciation and amortization of $299 million on sales $1.77 billion last year. The company sold more than 40 million tickets in 2024.

Baker holds 5.2% of the Class A shares and, with his Class B shares that carry 100 votes each, has more than 90% ...