StubHub shares fell for a third straight day after the company's IPO, a contrast to other recent debuts like Klarna, Figma and Circle.
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After a long wait to get public, StubHub
has had a rough start to life on the New York Stock Exchange.
Shares of the online ticket vendor dropped 10% on Friday, falling for a third straight day since debuting on Wednesday. At $18.46, the stock is now down 21% from its IPO price of $23.50.
StubHub, trading under ticker symbol "STUB," has lagged behind fellow market newcomers like online lender Klarna
StubHub beat Wall Street's expectations for second-quarter revenue in its first earnings report as a public company.
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StubHub updated its IPO prospectus on Monday, effectively restarting the process to go public.
On Monday, StubHub filed an updated S-1. This indicates its delayed IPO is back on.
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