StubHub Stock Opens Above IPO Price in First Trading Session
Key Takeaways
- StubHub shares started trading on the stock market today, opening above their IPO price.
- The company sold 34 million shares for $23.50 each, raising some $800 million for the online ticket reseller.
- StubHub’s deal was the latest to land in a busy IPO market, with recent listings including share sales by BNPL firm Klarna and Gemini, the crypto exchange owned by the Winklevoss twins.
StubHub shares hit the stock market Wednesday afternoon, trading slightly above their IPO price.
The online ticket seller’s shares began trading under the ticker symbol “STUB” at $25.35. That’s nearly $2 more than the $23.50 investors paid in StubHub’s initial public offering—and a bit above the $22 to $25 range initially forecast by the…
