STubHub (COP) start trading on the New York Stock Exchange, and opens at $ 25.35

Stubhub The shares decreased by 6.4 % On her first appearance on the New York Stock Exchange on Wednesday after the online ticket seller priced his first year in the middle of his expected scope.

Pricing Late Tuesday By raising $ 23.50 per share $ 800 million for the company, and now it is trading under the “heel” index. The stock opened at $ 25.35 and closed at $ 22, as it evaluated the Stumbhub for $ 8.1 billion.

The long -awaited public subscription comes in Stumbhub after the company Temporarily Its plans in April, when President Donald Trump The customs tariff “Liberation Day” sent the stock market to Spin. He was second Such a delay, after market fluctuations, STUBHUB temporarily forced companionship plans to subscribe in July 2024.

Public subscription is the latest in a wave of technical offers, as the market has recovered a few years ago. Swedish purchase now, pushing a company later clear and twinThe encryption company, which was founded by Cameron and Tyler Winkefus, rose in their first appearance last week. Backed Peter Thil Exchange of cryptocurrency ClimbDesign software company Figma And the source of stablecoin circle It has also struck the market in recent months.

STubHub has gone through many transactions in its 25 -year -old history to reach this point. It was purchased by EBay website For $ 310 million In 2007But it was restored by the co -founder Eric Baker in approximately 2020 4 billion dollars Through his new company, Vigojo.

STUBHub has taken advantage of the recovery in the direct events market in the years that followed the PandeMic Covid-19s. Sales also flourished from widely popular offers such as Taylor Swift’s Eras Tour and Beyoncé’s Renaissance Tour, as well as sporting events like Super Bowl.

The company said in An updated newsletter Last month, these types of events could make Stuubhub revenues are difficult and predictable.

In the first quarter, Stubhub recorded 10 % growth for the previous year to $ 397.6 million. Its net loss expanded to $ 35.9 million from $ 29.7 million a year ago. The total goods sales, which are the total value of the dollar payment of tickets, amounted to $ 2.08 billion in the three months that ended on March 31.

Stumbhub primarily creates revenue from buying buyers with tickets. The company said in August that more than 40 million tickets were sold in the Stubhub Market last year from about a million selves.

He competes with Live seatsand Which was publicly published Through a private purposes in 2021; Seatgeek and Ticketmaster Parent Live National Entertainment.

The Federal Trade Committee is located in the advanced stages to explore Ticketmaster on whether it has done enough to prevent automatic robots from circumventing the ticket limits for each person for common events, Bloomberg I mentioned the two, quoting people familiar with this issue.

FTC was sent in May Warning message To Stumbhub, saying that he must be compatible with the agency “Scrap fees” Al QaedaAnd claiming some of their ticket lists failed to offer the total price, including all mandatory fees and fees.

Madrone Partners is the largest stubhub investor with 24.5 % ownership of Class A before the offer. The second WestCAP occupies 12.3 %, followed by Bessmer Venture Partners by 8.8 %.