StubHub IPO Priced at $23.50, Valuing Company at $8.6 Billion
TL;DR Summary
StubHub is set to go public with an IPO priced at $23.50 per share, valuing the company at $8.6 billion, amid strong demand but facing challenges like competition, slowing growth, and high insider control. The stock begins trading on Wednesday, but investors should be cautious as IPOs can be volatile and face downward pressure after initial gains.
- StubHub IPO: Pricing Expected Tonight; Stock Begins Trading Tomorrow Barron's
- StubHub to price IPO at $23.50, valuing company at $8.6 billion CNBC
- Breakingviews - StubHub resells IPO tickets at an undue premium Reuters
- StubHub IPO Puts Direct Ticket Sales Plan in the Spotlight Yahoo Finance
- Ticket Platform StubHub Raises $800 Million in Midrange IPO Bloomberg.com
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