Shares of StubHub concluded their inaugural trading session at $22.17, slightly under the $23.50 price at which they were offered in the company’s initial public offering (IPO). The online ticket sales platform successfully raised approximately $800 million through this IPO, with CEO Eric Baker indicating that the funds would primarily be allocated to reducing debt.
On Tuesday, StubHub announced the sale of 34 million shares initially priced at $23.50. Trading commenced under the ticker “KLAR” at $25.35, reaching a peak of over $26 before dipping to a low of $22 throughout the day. By the close of trading, the shares settled at $22.17, which translates to a market capitalization of around $8.3 billion, based on the closing price. The company reported that it would have 373 million shares outstanding following the IPO, assuming any overallotment options are fully exercised.
Baker, a co-founder of StubHub, expressed optimism about becoming a public company, highlighting the potential for enhanced partnerships, increased consumer awareness, and the ability to attract top-tier talent. He stated, “Now being a public company, it will even help us further with partnerships, consumer awareness, and attracting talent. So we’re excited.”
This latest IPO marks StubHub’s third attempt at going public. Earlier efforts were thwarted due to market volatility, particularly influenced by tariffs imposed during President Donald Trump’s administration that unsettled the market. The IPO landscape has since experienced a resurgence, with 2025 seeing the most funds raised since the record year of 2021.
However, the performance of recent IPOs has been more subdued compared to earlier this year. For instance, shares of the design software platform Figma tripled on their first day of trading, while Klarna and the crypto exchange Gemini, owned by the Winklevoss twins, only rose modestly by 15% on their respective debuts this month.
The IPO market, now busy with listings, has seen various companies finding their footing, as evidenced by StubHub’s entry into this dynamic environment. As the market evolves, all eyes will be on how StubHub manages to navigate its public status and implement strategies to bolster its growth.
