StubHub IPO: $800M Raised! Is This the Ticket to Big Profits?
StubHub has officially made its debut on the public market, raising a substantial $800 million through its Initial Public Offering (IPO). The online ticketing reseller priced its shares at $23.50 each, landing in the middle of its projected range of $22 to $25. This valuation places StubHub at approximately $8.8 billion.
A Third Time's the Charm for StubHub
This IPO marks StubHub's third attempt to go public, finally achieving success after previous plans were derailed. The company sold 34 million shares to reach its $800 million goal. CEO Eric Baker, who co-founded the San Francisco-based company, announced that trading commenced on Wednesday on the New York Stock Exchange under the ticker symbol “STUB.”
Booming IPO Market Fuels StubHub's Success
StubHub's IPO arrives amidst a thriving market for IPOs, following successful listings from companies like BNPL firm Klarna and crypto exchange Gemini (owned by the Winklevoss twins). This positive market sentiment likely contributed to investor confidence in StubHub. The company had previously attempted an IPO in April, but market volatility caused by President Trump’s tariffs forced them to withdraw their listing plan.
- Share Price: $23.50
- Shares Sold: 34 million
- Total Raised: $800 million
- Valuation: $8.8 billion
- Stock Symbol: STUB
While the IPO market has seen a resurgence in 2025, surpassing funds raised since 2021, the performance of recent listings hasn't always matched the initial excitement. Investors will be closely watching StubHub's performance in the coming weeks to see if it can deliver on its promise.