StubHub’s stock opens 9% higher at $25.35 in NYSE debut after ticket seller’s long-awaited IPO
StubHub shares opened at $25.35 in their New York Stock Exchange debut on Wednesday after the online ticket seller priced its IPO in the middle of its expected range.
The pricing late Tuesday at $23.50 per share raised $800 million for the company, now trading under ticker symbol “STUB.”
StubHub’s long-awaited IPO comes after the company paused its plans in April, when President Donald Trump’s “Liberation Day” tariffs sent the stock market into a tailspin. It was the second such delay, after market volatility forced StubHub to temporarily shelve its IPO plans in July 2024.
The IPO is the latest in a flurry of tech offerings as the market rebounds from a dismal few years. Swedish buy now, pay later firm Klarna and Gemini, the crypto firm founded by Cameron and Tyler Winklevoss, rose in their respective debuts last week. Peter Thiel-backed cryptocurrency exchange Bullish, design software company Figma and stablecoin issuer Circle have also hit the market in recent months.
StubHub has been through a number of transactions in its 25-year history to get to this point. It was purchased by eBay for $310 million in 2007, but was reacquired by its co-founder Eric Baker in 2020 for roughly $4 billion through his new company Viagogo.
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