StubHub Raises $800 Million in $8.6 Billion US IPO

StubHub priced its initial public offering at $23.50 per share, raising about $800 million and valuing the company at approximately $8.6 billion. The New York-based ticket reseller, co-founded by Eric Baker and now trading on the New York Stock Exchange under the symbol STUB, focuses primarily on secondary ticket sales but plans to expand into original ticket sales, including a multi-year partnership with Major League Baseball. After delaying its IPO plans twice, including due to tariffs introduced by President Donald Trump, StubHub's offering has garnered strong investor interest, being multiple times oversubscribed. The company reported a 10% revenue increase in the first quarter but also a widening net loss compared to the previous year. StubHub's IPO is part of a broader rebound in the U.S. IPO market, alongside other tech and finance companies making public debuts recently. This public offering underscores StubHub's bet on growing consumer demand for live events and the evolving ticket resale market.