Eric Baker, co-founder and CEO of Price ticket reseller StubHub, rings the outlet bell all through his corporate’s IPO on the Fresh York Retain Alternate in Fresh York Town, U.S., September 17, 2025.
Brendan McDermid | Reuters
StubHub stocks opened at $25.35of their Fresh York Retain Alternate debut on Wednesday then the web price tag dealer priced its IPO in the midst of its anticipated dimension.
The pricing late Tuesday at $23.50 consistent with percentage raised $800 million for the corporate, now buying and selling underneath ticker image “STUB.”
StubHub’s long-awaited IPO comes then the corporate paused its plans in April, when President Donald Trump’s “Liberation Day” price lists despatched the keep marketplace right into a tailspin. It used to be the second one such extend, then marketplace volatility pressured StubHub to quickly shelve its IPO plans in July 2024.
The IPO is the untouched in a flurry of tech choices because the marketplace rebounds from a gloomy few years. Swedish purchase now, pay after company Klarna and Gemini, the crypto company based by way of Cameron and Tyler Winklevoss, rose of their respective debuts endmost while. Peter Thiel-backed cryptocurrency alternate Bullish, design tool corporate Figma and stablecoin issuer Circle have additionally strike the marketplace in fresh months.
StubHub has been thru various transactions in its 25-year historical past to get up to now. It used to be bought by way of eBay for $310 million in 2007, however used to be reacquired by way of its co-founder Eric Baker in 2020 for kind of $4 billion thru his untouched corporate Viagogo.
StubHub has benefited from a resurgence within the reside occasions marketplace within the years following the Covid lockdowns. Gross sales have additionally boomed from vastly customery presentations like Taylor Fast’s Eras Excursion and Beyoncé’s Renaissance Excursion, in addition to wearing occasions just like the Tremendous Bowl.
The corporate stated in its updated prospectus filed endmost era that the ones forms of occasions too can build StubHub’s revenues lumpy and hard to expect.
Within the first quarter, StubHub reported income enlargement of 10% from a 12 months previous to $397.6 million. Its web loss widened to $35.9 million from $29.7 million a 12 months in the past. Improper products gross sales, which constitute the overall greenback worth paid by way of price tag patrons, reached $2.08 billion within the 3 months ended March 31.
StubHub essentially generates income from connecting patrons with price tag resellers. Greater than 40 million tickets have been offered on StubHub’s market endmost 12 months from kind of a million dealers, the corporate stated in August.
It competes with Vibrant Seats, which was taken public by means of a unique objective acquisition corporate in 2021, SeatGeek and Ticketmaster father or mother Are living Crowd Leisure.
The Federal Industry Fee is within the complicated phases of probing Ticketmaster over whether or not it’s completed plethora to stock computerized bots from circumventing its per-person price tag limits for customery occasions, Bloomberg reported Monday, bringing up population usual with the subject.
The FTC in Would possibly despatched a warning letter to StubHub announcing it will have to agree to the company’s “junk fees” rule and alleging a few of its price tag listings did not show the overall value, together with all necessary charges and fees.
Madrone Companions is StubHub’s biggest investor with possession of 24.5% of Magnificence A stocks previous to the providing. WestCap is 2d at 12.3%, adopted by way of Bessemer Challenge Companions at 8.8%.
