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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