StubHub (STUB) investors face Jan. 23 deadline as IPO class action targets cash-flow disclosures
StubHub shares traded at $13.34 midday Wednesday, down about 43% from their $23.50 IPO price. Two U.S. law firms notified investors they have until Jan. 23 to seek lead-plaintiff status in a securities class action tied to the September 2025 IPO. The suit alleges vendor-payment timing hurt free cash flow and made disclosures misleading. StubHub reported negative free cash flow of $4.6 million for the third quarter.