StubHub Stock Makes A Strong Debut On NYSE

StubHub Holdings Inc.’s (STUB) shares made a strong debut on the New York Stock Exchange on Wednesday, listing at $25.7 apiece.

At the time of writing, StubHub’s shares were hovering at $25.25 or 7.45% higher compared to the issue price of $23.5.

The New York-based ticket platform raised $800 million through the initial public offering (IPO).

StubHub is an online ticketing service that lets users buy tickets for sports, concerts, theater, and other live entertainment events. The company reported gross merchandise sales (GMS) of $8.7 billion in 2024, with over 40 million tickets sold on its platform. It has more than a million unique sellers, offering tickets for events across over 90 countries and territories, with buyers spread across 200 countries and territories.

In an interview with CNBC, StubHub CEO Eric Baker said that recent regulations by the Federal Trade Commission regarding transparent ticket pricing and “junk fees” could result in a one-time hit to the company's financial results. “We’ve seen this in states like New York that have done it. You have a drop off and it hits about 10%. ... Then it’s just back to normal,” Baker said in the interview.

Like Klarna, StubHub also paused its IPO plans earlier this year due to increased market volatility in the wake of President Donald Trump’s tariff policies.

According to StubHub’s filing, the company reported a 10% year-on-year growth in its first-quarter (Q1) revenue to $397.6 million. Its operating income stood at $26.8 million, but the net loss widened to $35.9 million from $29.7 million during the same period last year.

StubHub was founded in 2000 by Baker and Jeff Fluhr. The company was acquired by eBay Inc. (EBAY) in 2007 for $310 million, but it was reacquired by Baker in 2020 for $4 billion.

Also See: Why Is OPEN Stock Rising Today?

For updates and corrections, email newsroom[at]stocktwits[dot]com.