Ticketing Platform StubHub Falls 6.4% After $800 Million IPO

(Bloomberg) – Stumb Holdings Inc. shares decreased. By 6.4 % in the first time the ticket platform appeared after collecting $ 800 million in an initial public offering.

The shares of the New York -based company closed its headquarters at $ 22 per day, as it achieved a preliminary gain. The company sold 34 million shares on Tuesday at $ 23.50, after it made it for 22 to 25 dollars each.

Most of them read from Bloomberg

Trading Stubhub gives a market value of about $ 8.1 billion based on suspended shares listed in their previous files.

The American public subscription market has been strong in recent weeks, as about $ 5.3 billion has been raised since the Labor Day holiday on September 1, with the exception of financial vehicles such as private purposes, according to the data collected by Bloomberg. Companies shares, including Klana Group Plc, and Figure Technology Solutions Inc. On early gains.

Bloomberg News reported that Stumbhub offers have ended several times.

Bloomberg News mentioned at that time, at least 2022, first, first via a direct list that may be worth more than $ 13 billion. I tried last year after sales flourished from Taylor Swift’s The Eras Tour, before postponing these plans. It stopped another attempt in April after the United States announced a wide -ranging tariff that sent the stock market to a tail.

Founded in 2000, the company focused on secondary tickets. It has recently been paid to release new tickets, which so far represents a small part of ticket sales. This month has announced a multi -year partnership with Major Legue Baseball to provide tickets for games.

Stumbhub has reached a net loss of $ 76 million on revenues of 827.9 million dollars in the six months ending June 30, compared to a net loss of $ 24 million at revenues of 803.5 million dollars in the same period in 2024, according to deposits.

Total goods sales, which are the total value paid by ticket buyers, including fees and returns for sellers, increased to $ 4.4 billion in the six months ending June 30, higher than $ 3.9 billion in the same period last year, and deposit offers.

The public subscription comes at a time when American and legislators are increasingly exposed to the ticket industry. Bloomberg News reported on Monday that the US Federal Trade Committee at Live National Inc. It is investigated by the US Federal Trade Committee on whether it has been done enough to prevent robots from illegally reselling tickets on its platform. Ticketmaster denied the violation of the law and intends to defend itself.