Key Takeaways
- StubHub shares started trading on the stock market today, opening above their IPO price.
- The company sold 34 million shares for $23.50 each, raising some $800 million for the online ticket reseller.
- StubHub’s deal was the latest to land in a busy IPO market, with recent listings including share sales by BNPL firm Klarna and Gemini, the crypto exchange owned by the Winklevoss twins.
StubHub shares hit the stock market Wednesday afternoon, trading slightly above their IPO price.
The online ticket seller’s shares began trading under the ticker symbol “STUB” at $25.35. That’s nearly $2 more than the $23.50 investors paid in StubHub’s initial public offering—and a bit above the $22 to $25 range initially forecast by the ticket resale platform. The shares recently traded closer to $23.
StubHub has a market capitalization of about $9.5 billion based on opening prices. The company disclosed on its Form S-1 filing that it would have 373 million shares outstanding after the IPO, assuming an overallotment option is fully exercised.
The San Francisco-based company sold 34 million shares and raised $800 million in its third attempt at going public. Its last attempt was in April, before President Donald Trump’s “Liberation Day” tariffs roiled markets and led the company, along with others—like Klarna (KLAR), which went public earlier this month—to hold off.
The IPO market has since picked up, with funds raised so far in 2025 already the most since 2021, a record year.
The track record of recent listings has been a bit less buoyant, however, than a few months ago, when shares of design software platform Figma (FIG) more than tripled on their debut. Shares of buy now, pay later firm Klarna and the crypto exchange owned by the Winklevoss twins, Gemini (GEMI), rose a comparatively modest 15% on their market debuts this month.
This article has been updated since it was first published to reflect the start of trading.