In this TUB your favorite stocksCREATE FREE ACCOUNTTicket reseller StubHub signage on display at the New York Stock Exchange for the company's IPO on Sept. 17, 2025.
NYSEAfter a long wait to get public, StubHub has had a rough start to life on the New York Stock Exchange.s of the online ticket vendor dropped 10% on Friday, falling for a third straight day since debuting on Wednesday.
At $18.46, the stock is now down 21% from its IPO price of $23.50.StubHub, trading under ticker symbol "STUB," has lagged behind fellow market newcomers online lender Klarna, design software company Figma and stablecoin issuer Circle, which dered early returns for investors ing their recent IPOs.
s of cybersecurity firm Netskope also rose 10% on Friday in their second trading day, after an initial pop on Thursday.StubHub had been trying to go public for the past several years, but delayed its debut twice.
The most recent stall came in April after President Donald Trump's announcement of sweeping tariffs roiled .
The company filed an d spectus in August, effectively restarting the cess to go public, and has since seen its market cap slip to $6.8 billion from $8.6 billion at its IPO.Founded in 2000, StubHub primarily generates revenue from connecting buyers with ticket resellers.
In the first quarter, revenue rose 10% from a year earlier to $397.6 million.
The company's net loss widened to $35.9 million from $29.7 million a year ago.StubHub CEO Eric Baker told CNBC on Wednesday that the company expects recently introduced federal regulations around transparent ticket pricing to cause a "one-time" hit to its financial results.Regulators are zeroing in on online ticket sellers over their pricing mechanisms and whether the companies are doing enough to keep automated purchasing bots in check.
The Federal Trade Commission on Thursday sued StubHub rival Nation Entertainment, the parent company of Ticketmaster, accusing it of illegal resale tactics.While StubHub has failed to excite Wall Street, its struggles haven't seeped into other deals as the IPO market continues to show signs of a resurgence after an ext dry spell.
Amazon reseller Pattern Group saw its stock rise 12% on Friday, though s initially slipped 6%.WATCH: StubHub CEO on company's IPOwatch now8:5008:50StubHub CEO: FTC change to all-in, transparent ticket pricing has leveled the playing fieldSquawk on the Street