StubHub, Klarna, and Pattern Show Cracks in IPO Market

Core Insights - The IPO market has experienced a strong summer with successful launches from crypto and tech companies, but there are signs of weakness in consumer-related IPOs [1][2][3] Group 1: IPO Performance - StubHub's stock fell nearly 20% below its IPO price after a poor market debut [2] - Pattern Group had a lackluster debut, pricing at the midpoint of its range and briefly dipping below its IPO price of $14 [2] - Klarna, a buy-now pay-later lender, has also seen a significant decline from its IPO price, indicating investor concerns about consumer spending [3]