StubHub shares fell 6.4% in their NYSE debut on Wednesday after pricing its IPO in the middle of the expected range, according to CNBC. The stock opened at $25.35 before closing at $22, valuing the company at $8.1 billion. The offering followed multiple delays tied to market volatility and comes amid a wave of tech listings, including Klarna, Gemini, Bullish, Figma, and Circle. StubHub has surged from post-pandemic live event demand, boosted by blockbuster concerts and major sporting events. StubHub reported first-quarter revenue of $397.6 million, up 10% year-over-year, though net losses widened to $35.9 million. The company generates revenue by linking buyers with resellers, facilitating over 40 million ticket sales from about one million sellers last year.
