StubHub shares fell 6.4% from their IPO price of US$23.50 in their first day of trading on the New York Stock Exchange.

The New York-based ticket marketplace raised about US$800 million by offering over 34 million shares, ending the day with an US$8.1 billion market valuation.

StubHub said it will use the IPO proceeds to repay debt and for general purposes.

The company reported US$827 million in revenue for H1 2025, up 3% year-on-year, after a 29% rise in 2024.

StubHub, co-founded in 2000 by CEO Eric Baker, is among the largest secondary ticket platforms, competing with SeatGeek and Vivid Seats.

🔗 Source: Associated Press