StubHub served buyers in over 200 countries, selling more than 40 million tickets in 2024|Ajay Suresh|CC BY 2.0
StubHub stumbled on Wall Street yesterday, with its stock dropping 6.4% from the $23.50 IPO price on its first trading day.
The New York–based ticket marketplace offered just over 34 million shares, raising around $800 million, giving it a market value of about $8.1 billion.
StubHub plans to use the funds to pay down debt and support operations.
Co-founded in 2000 by CEO Eric Baker, the platform served buyers in over 200 countries, selling more than 40 million tickets in 2024.
Revenue grew by only 3% in the first half of 2025, a sharp slowdown from the 29% growth recorded last year. The company faces scrutiny over hidden fees and hiked-up ticket prices.