StubHub stretches post-IPO slide amid deal flurry
Ticket-reselling platform StubHub STUB.N shares slide >7% in their third day of trading, falling as low as $18.93 on Fri, extending post-IPO losses
On Weds, STUB shares finished down 6.4% after long-awaited $800 mln IPO, and on Thurs, shares shed nearly 7%
This as the IPO market has resumed a strong comeback after the Labor Day holiday
Eight of the 10 companies that have debuted so far this month have seen their shares rise, with blockchain lender Figure Technology FIGR.O the biggest winner, up more than 65% from IPO price, followed by coffee chain Black Rock Coffee Bar BRCB.O, up about 40%
Pattern Group PTRN.O is poised to begin trading today after the e-commerce firm's IPO of about 21 mln shares priced at $14 for $300 mln gross raise
Below is a current snapshot of deal performance for this month's crop of IPOs so far:
Company | RIC | Debut date | Deal Size ($M) | IPO Price | Current | IPO Return | Sector |
Klarna Group | KLAR.N | 9/10/2025 | $1.37 | $ 40 | $ 42.89 | 7.2% | Fintech |
Figure Technology | FIGR.O | 9/11/2025 | $788 | $ 25 | $ 41.78 | 67.1% | Blockchain lender |
LB Pharmaceuticals | LBRX.O | 9/11/2025 | $285 | $ 15 | $ 15.81 | 5.4% | Biotech |
Legence | LGN.O | 9/12/2025 | $730 | $ 28 | $ 30.33 | 8.3% | Industrial |
Gemini Space Station | GEMI.O | 9/12/2025 | $425 | $ 28 | $ 23.53 | -16.0% | Crypto exchange |
Via Transportation | VIA.N | 9/12/2025 | $493 | $ 46 | $ 49.54 | 7.7% | Transportation Software |
Black Rock Coffee Bar | BRCB.O | 9/12/2025 | $294 | $ 20 | $ 27.79 | 39.0% | Retailer |
WaterBridge | WBI.N | 9/17/2025 | $634 | $ 20 | $ 22.70 | 13.5% | Oilfield Services |
StubHub | STUB.N | 9/17/2025 | $800 | $ 24 | $ 19.35 | -17.7% | Ticket exchange |
Netskope | NTSK.O | 9/18/2025 | $908 | $ 19 | $ 24.00 | 26.3% | Cybersecurity |
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