StubHub IPO Fizzles: Stock Closes Down 5.7% on First Day of Trading

StubHub had a disappointing stock-market debut: The company, which operates the leading secondary-ticketing marketplace for live events, saw its shares close 5.7% below the IPO price Wednesday. Shares began trading on the New York Stock Exchange on Sept. 17 under the ticker symbol “STUB” just past noon ET. The stock’s IPO price was $23.50/share. It […]