Stubhub Had an disappointing stock market debut: The company, which runs the leading secondary ticket market for live events, saw its shares closing 5.7% during the IPO Prize Wednesday.
Shares started shopping at the New York Stock Exchange on September 17 during the ticker symbol “Stub” just past Noon et. The share IPO price was $ 23.50/share. It climbed as high as $ 27.89/share (+19%) in early trading but dropped to close at $ 22.17/share at the end of the regular session, giving it a market capitalization of approximately $ 7.6 billion.
Stubhub collected about $ 800 million from the IPO, which it has said that it will partly use to pay down debts. As of June 30, the company had $ 2.38 billion in long -term debt obligations, according to its changed changes SEC registration declaration.
Following the IPO, Stubhub’s CEO and co-founder Eric Baker owns 4.2% of Class A shares and 24.75 million B surveillance shares that give him a controlling 88.3% of the voting force in the company, according to the SEC application. Baker’s compensation in 2024 included $ 2.5 million in salary, a bonus of $ 2.5 million, $ 61.95 million in stock awards, $ 110,000 for childcare costs and $ 88,000 for private school education.
The company Archived to publish SEC in March this year. Stubhub had reportedly been looking to launch a stock exchange listing since 2022.
In 2025, Stubhub projects that the market for the second ticket will decrease about 5%, mainly due to the end of Swift’s record disorder tour in December 2024 and the implementation of federal mandate all-in pricing in the United States in May 2025.
During the first half of 2025, Stubhub generated revenue of $ 827.9 million (an increase of 3%) while its net loss increased to $ 76 million compared to a net loss of $ 24 million during the annual period. (According to the company’s financial reports, the net loss for the first six months of 2025 included a loss of $ 85.2 million attributed to currency rates.) For 2024, Stubhub reported $ 1.77 billion in revenue, an increase of 29%and a net loss of $ 2.8 million compared to the network of 40
Last year, buyers in 200-Plus countries bought more than 40 million tickets at Stubhub from over 1 million sellers, according to the company. From August 8, 2025, the company had 895 full -time employees (down 2.5% from 918 in March), of which 368 provided customer service.
On Tuesday, Stubhub announced $ 23.50/share prices for its original public offer of approximately 34 million shares of its Class A Common share (represents 9.3% of outstanding shares). In addition, the company has granted the insurers a 30-day option to buy up to an additional 5.1 million shares of its CLASS A tribal share for the IPO Prize (minus underwriting discounts and commissions).
Post-IPO, large shareholders of Stubhub include Madrone Partners (which holds 22.1%of Class A shares), Westcap (11.1%), Bessemer Venture Partners (7.9%) and Pointstate Capital (5.3%).
Baker founded Stubhub 2000 before leaving and launched European ticket dealer Viagogo in 2006. In 2007, Ebay bought Stubhub for $ 310 million. In February 2020, Baker’s Viagogo Completed the acquisition of Stubhub operations from eBay for $ 4.05 billion and changed its name on September 8, 2021 to Stubhub Holdings.
