Jim Cramer Says "I'm a Fan of StubHub, But I'm Happy to See This IPO Fizzle"

StubHub Holdings, Inc. (NYSE:STUB) is one of the stocks Jim Cramer recently shared his thoughts on. Discussing how froth can lead to losses, Cramer said:

“That’s why I didn’t mind what happened to StubHub, the online ticket seller, came public at 23:50 today, and then saw its stock fall below its offering price by 1:15 PM. It finished the day at 22 bucks. Ouch. Look, I’m not picking on StubHub. I actually use them to get tickets wherever I go, including Wembley to see the Eagles play the Jags in a previous decade. I’m a fan of StubHub, but I’m happy to see this IPO fizzle because it will help curb your enthusiasm.”

StubHub Holdings, Inc. (NYSE:STUB) operates an online marketplace for buying and reselling tickets to sports, concerts, theater, and live events.

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Disclosure: None. This article is originally published at Insider Monkey.