科技IPO市场分化明显！ Pattern首日交易涨超11% StubHub上市三日连跌21%

智通财经网2025-09-20

在经历长时间的低迷后，美国科技IPO市场近期显现复苏迹象，然而不同公司的表现出现明显分化。智通财经APP获悉，在线票务平台StubHub(STUB.US)周三在纽约证券交易所上市，但上市表现不尽如人意。周五股价再次下跌10%，报18.46美元，自IPO发行价23.50美元已累计下跌 21%，连续第三个交易日收跌。StubHub多年来一直寻求上市，但此前两次推迟IPO。最近一次延期发生在今年4月，...

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href=http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250920072924a72ae66b&s=b><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>在经历长时间的低迷后，美国科技IPO市场近期显现复苏迹象，然而不同公司的表现出现明显分化。智通财经APP获悉，在线票务平台StubHub(STUB.US)周三在纽约证券交易所上市，但上市表现不尽如人意。周五股价再次下跌10%，报18.46美元，自IPO发行价23.50美元已累计下跌 21%，连续第三个交易日收跌。StubHub多年来一直寻求上市，但此前两次推迟IPO。最近一次延期发生在今年4月，...</p>\n\n<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20250920072924a72ae66b&s=b\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BYQQ9H92.USD","symbol_name":"BNY MELLON GLOBAL LEADERS \"A\" (USD) 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Pattern rose more than 11% on the first day of trading, StubHub fell 21% for three consecutive days","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AMZN":0.9,"USAW.SI":0.6,"FTC":1},"content_text":"在经历长时间的低迷后，美国科技IPO市场近期显现复苏迹象，然而不同公司的表现出现明显分化。智通财经APP获悉，在线票务平台StubHub(STUB.US)周三在纽约证券交易所上市，但上市表现不尽如人意。周五股价再次下跌10%，报18.46美元，自IPO发行价23.50美元已累计下跌 21%，连续第三个交易日收跌。StubHub多年来一直寻求上市，但此前两次推迟IPO。最近一次延期发生在今年4月，当时美国总统特朗普宣布大规模关税计划，引发市场剧烈波动。公司在8月提交更新后的招股说明书，重启上市进程。目前，StubHub市值已从IPO时的86亿美元下降至68亿美元。StubHub主要通过连接买家与票务转售商获取收入，今年一季度营收同比增长10%至3.976亿美元，但净亏损扩大至3590万美元，去年同期为2970万美元。首席执行官Eric Baker表示，近期美国出台的透明票价法规将对公司财务造成“一次性冲击”。此外，美国联邦贸易委员会(FTC)周四起诉了StubHub的竞争对手、Ticketmaster母公司Live Nation，指控其非法转售行为，这也令投资者对在线票务行业的监管前景更加担忧。与StubHub形成鲜明对比的是，近期上市的在线贷款机构Klarna Group(KLAR.US)、设计软件公司Figma Inc(FIG.US)、稳定币发行商Circle(CRCL.US)以及网络安全公司Netskope(NTSK.US)等，均为早期投资者带来可观回报。另一家新股表现亮眼。总部位于犹他州的亚马逊平台第三方卖家Pattern Group(PTRN.US)周五在纳斯达克挂牌上市。IPO定价为14美元，首日开盘价为13.5美元，收盘上涨超11%，报15.63美元，市值约25亿美元。本次IPO融资3亿美元，其中一半资金流向投资者。Pattern成立于2013年，由David Wright和妻子Melanie Alder创办，2019年更名为Pattern。目前其是美国排名第二的亚马逊卖家，根据研究机构Marketplace Pulse的数据，其客户评论数量仅次于行业第一。Pattern自称为“电商加速器”，为超过200个品牌提供在亚马逊、沃尔玛(WMT.US)、塔吉特(TGT.US)及TikTok Shop等电商平台上的销售优化服务，涵盖健康养生、消费电子、美容护理等多个品类，合作伙伴包括雀巢、松下和斯凯奇。财务数据显示，今年二季度公司营收同比增长39%至5.982亿美元，净利润1640万美元，高于去年同期的1130万美元。其中94%营收来自亚马逊平台商品销售，并且绝大多数来自美国市场。不过，Pattern在招股书中坦言，依赖亚马逊是一大潜在风险。如果亚马逊限制其销售权限或调整平台政策，公司增长可能受到冲击。","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2568821297","isCrawlerRequest":true}