Ticket Resale
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StubHub Stock (STUB) Debuts on NYSE, Opens at $25.35
StubHub (STUB) debuted on the NYSE, raising $800M with an IPO priced at $23.50, but closed down over 5%. Delayed twice due to market volatility, the IPO follows successful tech debuts like Klarna and Gemini. eBay previously owned StubHub before selling it back to its co-founder via Viagogo. While revenue increased 10% YoY to $397.6M in Q1, net losses widened. StubHub, facing competition from Vivid Seats and Ticketmaster, is also under FTC scrutiny regarding “junk fees” and bot prevention. Madrone Partners was the largest pre-IPO shareholder.
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StubHub Eyes Up to $9.2 Billion in IPO
StubHub aims to raise up to $851 million in its IPO, valuing the company at potentially $9.2 billion, offering shares between $22 and $25 each. The IPO follows previous delays due to market volatility. StubHub will trade on the NYSE under the ticker “STUB.” The company’s Q1 revenue increased 10% to $397.6 million, with operating income at $26.8 million, but net loss widened to $35.9 million. Reacquired by co-founder Eric Baker in 2020, StubHub initially sought a $16.5 billion valuation.
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* Ticket Scalping Drives Prices Sky-High: Museum Director Pleads with Public * Museum Director’s Plea: Don’t Buy Scalped Tickets! Prices Soar from $80 to Over $1000 * High Ticket Prices Cause Distress: Official Urges Public to Avoid Scalpers
Emerging comedian Fang Zhuren’s “Headline Show” tour faces high scalper activity due to massive ticket demand. Originally priced at 80 yuan, tickets are being resold for over 1000 yuan. Fang Zhuren emotionally appealed to fans on social media, urging them not to buy overpriced tickets and promising to add more shows. She emphasizes accessibility and discourages fans from financial strain to see her perform, highlighting her relatable comedic style developed since “Comedy King: Stand-up.”