Group 1: Company Overview - Stubhub Holdings raised $800 million in its IPO, but the stock price fell by 6.4% on the first day of trading, closing at $22 per share after an initial rise [1] - The company had initially planned a direct listing with a valuation exceeding $13 billion but faced delays due to market volatility and external factors [1][2] - Stubhub has focused on secondary ticket sales since its founding in 2000 and has recently expanded into primary ticket sales, although this segment remains small [2] Group 2: Financial Performance - For the six months ending June 30, the company reported revenues of $827.9 million and a net loss of $76 million, compared to revenues of $803.5 million and a net loss of $24 million in the same period last year [2] - Total merchandise sales (including fees and seller earnings) increased to $4.4 billion, up from $3.9 billion year-over-year [2] Group 3: Market Context and Regulatory Environment - The U.S. IPO market has been strong recently, raising approximately $5.3 billion since September 1, excluding special purpose acquisition companies [1] - The ticketing industry is under increased scrutiny from U.S. regulators, with investigations into practices by Live Nation's Ticketmaster and proposed legislation aimed at preventing resale of tickets not held by resellers [2] - Stubhub's CEO has advocated for the "Better Online Ticket Sales Act" to promote secure and democratic ticket distribution [2] Group 4: Ownership and Corporate Structure - Stubhub was acquired by eBay for $310 million in 2007 and later sold to Viagogo for $4.05 billion in 2019, with the two companies integrating after regulatory approval in 2022 [3] - The ownership structure shows CEO Eric Beck holding 4.2% of Class A shares, with significant voting power due to Class B shares, resulting in a total voting power of 88.3% [3] - The IPO was led by JPMorgan and Goldman Sachs, with participation from over ten other banks, and the stock is traded on the New York Stock Exchange [3]

Core Insights - StubHub went public with an IPO price of $23.50, closing 6% below that price, which values the company at over $7 billion, highlighting the perseverance of its co-founder Eric Baker [1] Company History - StubHub was co-founded by Eric Baker and Jeff Fluhr in 2000 during their time at Stanford, shortly after the dotcom bubble burst [1] - Baker was pushed out of the company in 2004 due to differences in vision with Fluhr [2] - In 2005, Baker founded Viagogo in London, aiming to merge it with StubHub in the future [3] - In 2019, eBay spun off StubHub, and Baker acquired it for $4.05 billion with backing from investors [3] Impact of COVID-19 - The COVID-19 pandemic severely impacted StubHub, leading to a collapse in revenue due to the cancellation of live events [4][6] - The company managed to survive the pandemic and saw a significant rebound in revenue as live events resumed [6] Recent Performance - StubHub's revenue grew by 10% to $397.6 million in Q1 2025 compared to the same period last year, driven by high-demand events like Taylor Swift's Eras Tour and the Super Bowl [6] - Baker reflected on the company's journey and challenges faced, including the impact of COVID-19 [7] Ownership Structure - Eric Baker owns 4.7% of StubHub, while investors Madrone Partners, WestCap, and Bessemer Venture Partners hold 24.5%, 12.3%, and 8.8% respectively [7]

Company Overview - StubHub completed its initial public offering (IPO) by selling 34 million shares at $23.50 each, raising approximately $800 million [2][3][6] - The company's shares began trading under the ticker "KLAR" at $25.35 but closed at $22.17, slightly below the IPO price [2][6] - StubHub's market capitalization is approximately $8.3 billion, with 373 million shares outstanding post-IPO [3] Financial Use of Proceeds - The funds raised from the IPO will primarily be used to pay down debt, as stated by CEO Eric Baker [3][6] Market Context - The IPO market is experiencing a resurgence, with 2025 seeing the highest funds raised since 2021, a record year [4] - StubHub's IPO is part of a busy market that includes recent listings from companies like Klarna and Gemini [6] Company Strategy - CEO Eric Baker expressed optimism about being a public company, highlighting benefits in partnerships, consumer awareness, and talent attraction [4]

Company Overview - StubHub priced its IPO at $23.50 per share, raising $800 million and achieving an $8.6 billion valuation [1] - The company sold 34 million shares, with the share price falling within the expected range of $22 to $25 [2] - StubHub processed over 40 million ticket sales across 200 countries last year, covering various events [2] Financial Performance - StubHub's revenue increased by 29.5% in 2024, reaching $1.77 billion [3] - Sales grew by 10% in Q1 2024, totaling $397.6 million [3] - The company reported a net loss of $22.2 million in Q1 2024 and a net loss of $2.8 million for the entire year [3] Market Context - The IPO occurs amid a resurgence in the market for new offerings, with seven large IPOs last week, the busiest since 2021 [5] - StubHub estimates the global market for ticket sales and related services exceeds $700 billion, indicating significant growth potential [6] - The company faces competition from major players like TicketMaster and smaller firms such as Vivid Seats and SeatGeek [7] Regulatory Environment - The ticket market is under scrutiny from regulators, particularly regarding fees and automated systems that resell tickets at higher prices [7] - The FTC is investigating TicketMaster's efforts to combat automated ticket reselling, which may impact StubHub indirectly [7]

Federal Reserve and Economic Indicators - The Federal Open Market Committee (FOMC) cut interest rates by 25 basis points to a range of 4.00% to 4.25%, with expectations for another cut in October and December [2] - The Fed noted a moderation in economic activity, with slowed job gains and a slight increase in the unemployment rate, while inflation remains elevated [5] - Business investment has accelerated compared to the previous year, despite a slowdown in consumer spending and a weakened housing sector [6] Stock Market Reactions - Following the Fed's announcement, the Dow Jones Industrial Average initially surged but closed with a 0.6% gain, while the S&P 500 and Nasdaq Composite experienced declines of 0.1% and 0.3% respectively [9] - Small-cap stocks, particularly the Russell 2000 Index, rallied, reflecting a positive response to lower interest rates, closing modestly higher [7] Housing Market Trends - Housing starts fell by 8.5% month-over-month in August, reversing previous gains, while building permits decreased by 3.7%, indicating a downtrend influenced by high mortgage rates [12] - A 2% decline in mortgage rates is suggested as necessary to stimulate the housing market [12] Company-Specific Developments - Nvidia's stock declined by 2.6% after reports of a ban by China's internet regulator on tech companies purchasing its products, which may be used as leverage in U.S.-China trade negotiations [10][11] - StubHub completed its IPO, pricing approximately 34 million shares at $23.50 each, raising about $800 million, with its stock opening at $25.35 and closing at $22.00 [13][14]

Market Overview - On September 17, 2025, U.S. stock markets exhibited mixed performance, influenced by the Federal Reserve's interest rate decision and significant corporate news [1][11] - The Dow Jones Industrial Average rose by 304.25 points, closing at 46,062.15, a gain of approximately 0.66%, while the S&P 500 fell by 4.86 points to 6,601.90, a decrease of 0.07%, and the Nasdaq Composite dropped by 95.59 points to 22,238.37, down 0.43% [2] Federal Reserve Decision - The Federal Reserve cut interest rates by 25 basis points, marking the first rate cut of the year, amid signs of a weakening labor market [3] - Investors are awaiting the FOMC meeting minutes and updated "dot plot" projections for insights into future rate paths and economic outlook [3] Corporate News - Nvidia (NVDA) shares declined by approximately 1.6% due to reports that China's internet regulator instructed major tech firms to cease purchasing Nvidia's AI chips [5] - Oracle Corporation (ORCL) shares increased by 1.5% as it is part of a consortium to keep TikTok operational in the U.S. [6] - Chipotle Mexican Grill, Inc. (CMG) shares rose by 1.9% after announcing an additional $500 million for share buybacks, raising total authorization to approximately $750 million [6] - ADTRAN Holdings, Inc. (ADTN) stock plummeted by 15.1% following a $150 million convertible senior notes offering [7] - Dave & Buster's Entertainment, Inc. (PLAY) shares fell by 16.7% after reporting second-quarter earnings significantly below estimates [7] - Workday (WDAY) shares surged by 6.9% after Elliott Investment Management disclosed a stake of over $2 billion in the company [8] - StubHub (STUB) debuted on the NYSE at $23.50 per share following its IPO [9] - General Mills, Inc. (GIS) reported a 7% decrease in net sales for Q1 fiscal 2026, but a 108% increase in operating profit due to a yogurt divestiture [10] - Manchester United plc (MANU) reported an increase in commercial revenue for the 2025 fiscal fourth quarter and full year [10]

StubHub Holdings, Inc. STUB made its New York Stock Exchange debut on Wednesday, opening at $25.35 a share after pricing its IPO in the middle of its projected range.STUB stock is moving. See all the action here. IPO LaunchThe offering, priced late Tuesday at $23.50 a share, brought in $800 million for the ticketing company, according to CNBC. Read Next: Quantum Stock Tracker: IonQ’s Higher Price Targets, Rigetti Climbs 30%, Nvidia’s New Quantum Investments StubHub stock now trades under the ticker symbol S ...

Company Overview - StubHub made its debut on the New York Stock Exchange with shares opening at $25.35, generating approximately $800 million in revenue for the company [2][4] - The company primarily generates revenue by connecting ticket resellers with online buyers, competing with Ticketmaster's Live Nation Entertainment, Vivid Seats, and SeatGeek [3] Historical Context - StubHub was acquired by eBay in 2007 for about $310 million and was later sold to Viagogo in 2019 in a multi-billion dollar cash deal [4] - In the previous year, over one million sellers sold more than 40 million tickets on StubHub's platform [4] Regulatory Challenges - The District of Columbia's attorney general filed a lawsuit against StubHub, alleging deceptive practices regarding mandatory fees [5] - The Federal Trade Commission issued a warning letter to StubHub, emphasizing compliance with its "junk fee" rule and alleging that some listed tickets did not meet federal standards [5]

StubHub shares hit the stock market Wednesday afternoon, trading slightly above their IPO price. ...

It's tremendous. A lot of gratitude to reach this milestone for the company. It's certainly been a long journey, as you say, from 2000, but now we're really focused on the next 25 years and the bright future ahead.Take us to the next 25 years because there are regulatory headwinds. There are people worrying about bolts. There are a way in which you can beef up this business to add more things in secondary market ticket sales.Where do you go. Where do you focus. Yeah.So our focus really is we've always wante ...