StubHub’s stock fell 6.4% on its first day of trading, raising approximately $800 million. CEO Eric Baker plans to use the funds to pay down debt and for general corporate purposes as the company faces criticism over hidden fees and inflated prices in the ticketing industry.

StubHub, co-founded by Baker in 2000, was acquired by eBay in 2007 and then sold back to Baker in 2020 for $4.05 billion. The company reported a 3% revenue increase in the first half of 2025, slower growth compared to 2024’s 29% jump, amid rising ticket prices for events.

Live Nation, StubHub’s competitor, reported a 1.8% revenue increase to just under $23.2 billion in 2024. StubHub, one of the largest platforms for secondary ticket sales, faces inquiries over pricing and fees in several states. Ticket prices continue to rise, outpacing overall inflation, as consumers bear the cost.

Read more at Yahoo Finance: Ticket marketplace StubHub slips on the public stage in its trading debut on Wall Street