StubHub is considering a summer IPO with a valuation of $16.5 billion.

• StubHub is eyeing a summer initial public offering.
• Over the past two years, JPMorgan and Goldman Sachs have been collaborating with the online ticketing service on IPOs.

A source close to the matter informed CNBC that StubHub is considering going public this summer.

The online ticketing service aims to achieve a valuation of at least $16.5 billion, which is the same as its valuation during its last round of private funding in late 2021.

Over the past two years, the company has been collaborating with and on the IPO. The Information was the first to break the news.

Since its launch in 2000, StubHub has been a prominent player in the ticketing industry. It was acquired by eBay for $310 million in 2007, but was later reacquired by its co-founder Eric Baker in 2020 for $4 billion through his new company Viagogo.

SeatGeek, an online ticketing rival, has reportedly been considering a potential IPO this year. If StubHub enters the public market, it will trade alongside competitors Vivid Seats and Live Nation. Vivid Seats has a market cap of $1.2 billion, while Live Nation is valued at just under $24 billion, according to FactSet.

The live events marketplace has flourished due to the Covid-19 pandemic, as people have shifted towards out-of-home entertainment and experiences. Ticketing companies have experienced a surge in revenues, thanks to record-breaking concert ticket sales, such as those for Taylor Swift's Eras Tour and Beyoncé's Renaissance Tour.

All three companies, StubHub, JPMorgan, and Goldman Sachs, refused to provide any information regarding a possible IPO timing.