StubHub Stock Plunges: NYSE IPO Slump Deepens

StubHub Stock Plunges: NYSE IPO Slump Deepens

September 19, 2025 Victoria Sterling -Business Editor Business

Here’s ​a breakdown of teh key‌ companies and⁢ information from the provided text:

Companies Mentioned:

* Figma (FIG): Design software company, saw early returns for investors after its IPO.
* Circle​ (CRCL): Stablecoin‍ issuer, also saw early‍ returns for⁣ investors after its IPO.
* ‌ Netskope (NTSK): Cybersecurity firm,‌ shares ‌rose​ 10% on Friday (second trading day) after an initial pop on Thursday.
* ‌ ‌ StubHub: Online‍ ticket marketplace, recently ⁣went public (September). Market cap has slipped from $8.6 billion at IPO to $6.8 billion.
* Donald ‍Trump: Mentioned in relation to tariffs impacting ‍StubHub’s‌ IPO⁤ plans.

Key ​Information about StubHub:

*‍ Founded: 2000
* Revenue (Q1): $397.6 million (10% increase year-over-year)
*⁣ ‍ Net Loss (Q1): $35.9 million (widened from $29.7 million year-over-year)
* ‍ Business Model: Connects buyers with ​ticket resellers.
* ⁤ ‌ Challenges:

‍ * delayed IPO multiple times.
⁣ * Facing scrutiny from regulators (FTC,‍ DC Attorney General) regarding pricing and bot control.
* ⁢ Expects a “one-time” financial hit ⁤from new federal regulations⁣ on transparent ticket pricing.

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