StubHub Shares Sink 35%, but Does This $7.3 Million Bet Suggest a Turnaround Is Looming?


On January 14, RPM Capital Partners disclosed a new position in StubHub Holdings (NYSE:STUB), acquiring 535,850 shares worth $7.25 million.

According to a SEC filing released Wednesday, RPM Capital Partners, LLC initiated a new position in StubHub Holdings (NYSE:STUB), acquiring 535,850 shares. The estimated value of the stake was $7.25 million at quarter-end.

The new position, just one of two reported in the filing, represents 6.36% of RPM Capital Partners' reported U.S. equity assets as of December 31,.

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