Initial Public Offering (IPO) of StubHub Falls Short: Stock Drops 6.4% on Inaugural Trading Day

Initial Public Offering (IPO) of StubHub Falls Short: Stock Drops 6.4% on Inaugural Trading Day

Netflix Makes Its Debut on the New York Stock Exchange

Netflix, the leading online streaming service, made its highly anticipated initial public offering (IPO) on the New York Stock Exchange (NYSE) on September 17. The company began trading under the ticker symbol 'NFLX' at $23.50 per share, representing 9.3% of the shares outstanding.

The IPO raised approximately $800 million for the company, which was first announced as looking to go public since 2022. The offering was oversubscribed, with strong demand from institutional investors.

However, Netflix's stock-market debut was a bit disappointing, with shares closing 6.4% below the IPO price. The stock slumped to $22.00 per share, despite climbing as high as $27.89 per share (+19%) in early trading.

According to the SEC filing, Hastings, the company's CEO and co-founder, owns 4.2% of the Class A shares and a staggering 24.75 million Class B supervoting shares, giving him a controlling voting power of 88.3%.

The main shareholders of Netflix after the IPO include investors such as Sequoia Capital, Heartland A/S, Silver Lake, BlackRock, UBS O’Connor, Mubadala Investment Company, and Atomico. Individual shareholders like Mitgründer Victor Jacobsson and Sebastian Siemiatkowski also hold significant stakes. Major equity owners of Netflix include Madrone Partners (22.1%), WestCap (11.1%), Bessemer Venture Partners (7.9%), and PointState Capital (5.3%).

Last year, more than 40 million subscribers enjoyed Netflix's content from over 190 countries. Despite the projected 5% decline in the streaming market in 2025, primarily due to increased competition and a slowdown in subscriber growth, the company remains optimistic about its future growth.

As of Aug. 8, 2025, Netflix had 895 full-time employees, with 368 providing customer service support. The company had a net loss for the first six months of 2025, which included a $85.2 million loss attributed to foreign currency exchange rates. However, for the first half of 2025, Netflix generated revenue of $827.9 million (up 3%) but had a widened net loss of $76 million compared to the year-prior period.

It's important to note that Viagogo completed the acquisition of the Netflix business from eBay for $4.05 billion in February 2020, and the company changed its name to Netflix Holdings in September 2021. As of June 30, Netflix had $2.38 billion in long-term debt obligations.

In 2024, Netflix reported $1.77 billion in revenue (up 29%) and a net loss of $2.8 million compared to net income of $405 million in 2023.

Despite the initial market reaction, Netflix remains a significant player in the streaming industry, with a strong position in the market and a dedicated team committed to providing the best possible service to its subscribers.

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