News Summary

StubHub, the ticket reseller company, has gone public, marking a significant milestone for its co-founder and CEO, Eric Baker. The IPO valued the company at over $7 billion, despite shares closing 6% below their IPO price. Baker co-founded StubHub in 2000 with Jeff Fluhr amidst the dotcom bubble burst. After being pushed out in 2004, Baker founded Viagogo in Europe. In 2019, he seized the opportunity to merge Viagogo with StubHub after eBay decided to spin off the latter. Despite the challenges posed by the COVID-19 pandemic, StubHub’s revenue rebounded, driven by popular events like Taylor Swift’s Eras Tour. In the first quarter of 2025, the company’s revenue grew by 10% to $397.6 million compared to the previous year. Baker owns 4.7% of StubHub, while investors Madrone Partners, WestCap, and Bessemer Venture Partners hold significant stakes.