"Shares of StubHub Holdings (NYSE: STUB) slipped in their long-awaited market debut on Wednesday, signaling an end to a recent streak of tech-focused companies whose stock prices jumped on their first day of trading. The ticket sales platform closed at $22.15 a share, down from its IPO price of $23.50 a share, which was announced by the company on Tuesday."
"That first-day stumble is in contrast to recent listings from design software firm Figma, crypto exchange Bullish, stablecoin issuer Circle Internet Group, and others that saw their shares jump by double digits when they debuted. StubHub, which was founded 25 years ago and had been planning an IPO for years, had already priced its shares at the midpoint of their targeted range, whereas many of the companies that went public this year priced their shares above their targeted range."
StubHub's shares closed at $22.15, below the IPO price of $23.50, resulting in a first-day decline on its market debut. The drop contrasts with recent IPOs from firms such as Figma, Bullish and Circle Internet Group that opened with double-digit gains. StubHub priced at the midpoint of its targeted range while many recent listings priced above target. First-day performance does not reliably predict long-term returns—Figma is now down more than 54% from its August highs—but high-profile debuts can influence investor interest and broader IPO market activity. Some delayed IPOs resumed after tariff-related uncertainty; Klarna rose 15% on debut.
Read at Fast Company
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