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StubHub Prepares for IPO - StubHub, the operator of ticketing resale platforms StubHub and Viagogo, reported $350 million in EBITDA for the year ending in March, as it gears up for an IPO. The company generated $1.4 billion in revenue during this period and recorded $505 million of unlevered free cash flow. - StubHub is in the early stages of discussions with potential investors regarding its IPO, with Goldman Sachs, JPMorgan Chase & Co., and Bank of America acting as advisors. The IPO could be launched as soon as July, although final decisions have yet to be made, and details may change. - The timing of StubHub's IPO comes amidst significant legal challenges in the ticketing industry. The US Department of Justice has filed a lawsuit against Live Nation Entertainment, aiming to force the sale of its ticketing arm, Ticketmaster. This could potentially create a more competitive landscape for platforms like StubHub and Viagogo. - Previously, StubHub considered going public via a direct listing in 2022, with an estimated valuation exceeding $13 billion. The company had confidentially filed with the SEC at that time. - StubHub's competitor, Vivid Seats Inc., which went public through a merger with a blank-check company in 2021, has seen its shares decline by about 60% since listing. Vivid Seats reported $142 million in adjusted EBITDA and $712.9 million in revenue for 2023, trading at a multiple of approximately 12.2 times earnings. - StubHub and viagogo operate in over 90 countries. The company is led by CEO Eric Baker, one of StubHub's co-founders, who left before the company was sold to eBay for $310 million in 2007. Baker later founded Viagogo in Europe, which acquired StubHub for $4.05 billion in 2019. #StubHub #IPO #FinancialPerformance #TicketingIndustry #Viagogo #EBITDA #GoldmanSachs #JPMorgan #BankofAmerica #StockMarket

🚀 Permira's Month of Billions-Dollar Acquisitions! 🚀 In a remarkable and rare occurrence, Permira has announced not one, but two major acquisitions within a single month, each with billion-dollar valuations. This impressive feat underscores Permira's strategic vision and robust capability in managing concurrent due diligences and executing high-value deals. 1. Permira to Acquire Majority Position in BioCatch at $1.3 Billion Valuation 📅 New York and Tel Aviv, May 2nd, 2024 BioCatch, a leader in behavioral biometrics, will now join the Permira portfolio. This acquisition emphasizes the growing importance of cybersecurity and fraud prevention technologies in our digital world. 2. Permira to Take Squarespace Private in a $6.9 Billion Deal 📅 May 13th, 2024 Permira is set to take Squarespace, a prominent platform for website building and hosting, private. This strategic move is aimed at enhancing Permira’s digital and e-commerce portfolio, driving significant growth and new opportunities for both entities. Executing two billions-dollar M&A transactions in such a short timeframe is a testament to Permira’s dedication and expertise in the investment landscape. Managing concurrent due-diligences and ensuring successful outcomes showcases Permira's thorough approach and strategic acumen. #Permira , #BioCatch , #Squarespace , #Innovation , #Technology , #DigitalTransformation , #MergersAndAcquisitions , #Cybersecurity , #ECommerce , #Growth , #Investments , #Acquisitions , #BusinessGrowth , #MandAmarket , #Mergers , #BusinessNews https://lnkd.in/eKgUhq_D https://lnkd.in/e6Rnku35

NEW IN-DEPTH: With the announcement of yet another acquisition from the company, it’s time to look at the evolution of, well, Evolution. https://lnkd.in/gdrve2i5

WEBTOON Entertainment, a subsidiary of South Korean media conglomerate NAVER Corp, is set for a $315 million IPO on June 26. The company is aiming for a maximum valuation of $2.67 billion on the Nasdaq under the ticker "WBTN." BlackRock is indicating up to $50 million in cornerstone demand, with NAVER purchasing another $50 million of shares in a concurrent private placement through its NAVER U.Hub. Known for its expansive platform with 170 million monthly active users across 150 countries, Webtoon has paid creators $2.8 billion from 2017-2023. The webtoon industry in South Korea has seen significant growth, from $109 million in 2013 to $1.33 billion in 2022. https://lnkd.in/es_HiFva #Tech #IPO #Webtoon #NAVER #Manga #Manhwa #Comics

What's in Store for iGaming M&As in 2024? 📣 Gain insights from our Head of M&A, Mark O’Sullivan. 💡 Read our latest blog, highlighting the key points of his interview with The Huddle via Gambling Insider >> https://lnkd.in/dCz7w5mc #ExactaSolutions #iGaming #Mergers #Acquisitions

Orium acquires Gluo, enhancing their composable commerce capabilities and expanding into the U.S. and Latin American markets. Read the Latest full News - https://lnkd.in/d9cjkcFg #Martech #Martechedge #ComposableCommerce #Ecommerce #DigitalTransformation #Orium #Gluo #RetailTech #Acquisition #LATAM #HeadlessCommerce

🎉 Exciting News! Web3m + Collabhub Merger 🎉 We’re thrilled to announce that Collabhub has officially merged into the Web3M platform! 🚀 This integration brings together the best of community engagement and data insights, all in one seamless platform, designed to empower Web3 projects and help you grow more effectively. What can you expect? ✅ Enhanced tools for deeper community connections ✅ Actionable on-chain data to drive your marketing strategies ✅ A unified solution to boost growth and engagement Ready to explore? Check it out here 👉 app.web3m.io Let’s continue building the future of Web3 together! 💡 #Web3 #Web3Marketing #CommunityEngagement #Growth #Innovation #DataInsights

You’ve been inundated with talk of M&A in #adtech. You’ve seen the headlines hyping up the next wave of deals. Now, let’s break down the key factors driving it all. First, let’s set the stage: There’s a growing buzz about a resurgence in #dealmaking activity. Banks are getting involved, rumors are flying left and right, and actual deals are being inked. All signs point to deals reaching a tipping point. However, the big question remains: When will this tipping point actually occur? No one wants to make a move too soon, given the uncertainties surrounding borrowing costs, industry dynamics and the political landscape. #mergers #acquisitions