{"id":48818,"date":"2019-01-31T10:59:17","date_gmt":"2019-01-31T15:59:17","guid":{"rendered":"https:\/\/stockx.com\/news\/?p=48818"},"modified":"2020-02-06T16:40:47","modified_gmt":"2020-02-06T21:40:47","slug":"ben-baller-ipo-results","status":"publish","type":"post","link":"https:\/\/stockx.com\/news\/fr-ca\/ben-baller-ipo-results\/","title":{"rendered":"StockX Changed The Game: The Ben Baller Initial Product Offering\u2122 (IPO) Recap"},"content":{"rendered":"<p><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49400 size-large\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/NEW-BEN-BALLER-FEATURED-1100x1072.png\" alt=\"StockX_Image\" width=\"1100\" height=\"1072\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/NEW-BEN-BALLER-FEATURED-1100x1072.png 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/NEW-BEN-BALLER-FEATURED-300x292.png 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/NEW-BEN-BALLER-FEATURED-768x748.png 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/NEW-BEN-BALLER-FEATURED-647x630.png 647w\" sizes=\"auto, (max-width: 1400px) 100vw, 1400px\" \/><\/p>\n<p><em><strong>Editor\u2019s Note \u2014 <\/strong><span style=\"font-weight: 400;\">This is our comprehensive breakdown of the Ben Baller Did The Chain IPO. It\u2019s a long and in-depth read, so if you\u2019re looking for quick highlights, know this: <\/span>Over the 3 days of our IPO, we received over 10,000 Bids on the 800 slides listed, and because of the unique pricing method, using our take on a blind dutch auction, the black slides sold at an average Clearing Price of $181 and the red at $260. <span style=\"font-weight: 400;\">Now that the IPO is over, the \u201cBen Baller Did The Chain\u201d slides can be bought and sold on StockX like any other item, <\/span><a href=\"https:\/\/stockx.com\/straye-ben-baller-did-the-chain-slide-red\"><span style=\"font-weight: 400;\">and prices look to be increasing<\/span><\/a><span style=\"font-weight: 400;\">. So f<\/span><\/em><em><span style=\"font-weight: 400;\">or all the details, settle in, pour a fresh cup of coffee, and read up.<\/span><\/em><\/p>\n<h2><b>Ben Baller Did The Chain<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Last week, StockX made e-commerce history with our Ben Baller Did The Chain IPO. Ben is a world-famous celebrity jeweler and cultural icon that has been name-dropped in countless songs. But ASAP Ferg\u2019s 2017 hit \u201cPlain Jane\u201d truly cemented Ben\u2019s hip-hop legacy with the hook: \u201cFerg is the name. Ben Baller did the chain.\u201d The line took off as people used it on Twitter, Snapchat, and Instagram comments, even signing their bill at restaurants with it, until it eventually ended up on a pair of slides. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first run of the slides was the black pair, made exclusively for Ben\u2019s birthday. Straye, a new footwear brand from the founder of Supra, decided to make 100 pairs for the special event, so Ben only handed them out to friends and family that came through his house. The lucky few that scored a pair became obsessed. The reaction he got from the people that wore them was so strong he decided to do a bigger release, including a new red colorway, and that\u2019s where we at StockX come in. <\/span><\/p>\n<p><iframe loading=\"lazy\" title=\"StockX Embedded Content\" src=\"https:\/\/www.youtube.com\/embed\/IYdlOSpi5oE\" width=\"760\" height=\"515\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><span style=\"font-weight: 400;\">This was the first time a consumer good, let alone a slide, was ever released to the public via a blind dutch auction, a method traditionally used to price out stocks and securities. By releasing the slides in such a unique manner, we allowed our customers, and the market at large, to set the price they were willing to pay. <\/span><\/p>\n<h2><b>IPO Basics<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">But before we dive into the results, it\u2019s worth reiterating how this unique take on a blind dutch auction exactly worked. <\/span><span style=\"font-weight: 400;\">StockX customers went to our IPO page and placed Bids on the slide in the size and color of their choice for whatever they were willing to pay. These Bids were 100% anonymous; no one could see what other customers were Bidding. The only thing the could see was the total amount of Bids on the slides product page. Once the auction ended, we then took the top Bids that matched the quantity we had in stock to determine who won a pair of slides. \u00a0For example, if there were 20 pairs of Black Size 9, then the top 20 Bids on Black 9 won the slides. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, all winners were charged the same amount &#8211; what is called the &#8220;Clearing Price&#8221;. \u00a0The Clearing Price was the lowest winning Bid in whatever that slides quantity was. So in the example above, the 20th Bid was the Clearing Price. This means that even if you were the highest Bid at $1000, if the Clearing Price was $300, then you won the slides for only $300. \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">After 3 days, <\/span><b>our Ben Baller Did The Chain IPO garnered 10439 Bids on the 800 slides we listed. <\/b><span style=\"font-weight: 400;\">The Bids ranged from $50 to over $1 million dollars. Seeing as how transparency is one of the core tenets of StockX, we even decided to create a chart that shows every single winning Bid placed on this IPO. It\u2019s a massive chart, so consider this your warning. (And if you want to view <em>every<\/em>\u00a0Bid for every size and color, check out <span style=\"text-decoration: underline;\"><a href=\"https:\/\/docs.google.com\/spreadsheets\/d\/18hjmNKk1ylBQWKgnsl3BAIZzRWR2ws33YXJj80FiOeA\/\" target=\"_blank\" rel=\"noopener noreferrer\">this spreadsheet<\/a><\/span>).<\/span><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49115 size-full\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1.jpg\" alt=\"StockX_Image\" width=\"2550\" height=\"4229\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1.jpg 2550w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-300x498.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-768x1274.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-1100x1824.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-463x768.jpg 463w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-380x630.jpg 380w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/StockX-Ben-Baller-IPO-Results-Winning-Bids-1-482x800.jpg 482w\" sizes=\"auto, (max-width: 2550px) 100vw, 2550px\" \/><\/a><\/p>\n<p><em>(Click to expand)<\/em><\/p>\n<p>You\u2019ll notice that for certain items, there were some extremely high Bids &#8211; for example, a $1M Bid for the black size 5 slide. We don\u2019t believe this Bidder\u00a0<em>wanted<\/em> to pay $1M. Instead, they were employing a (somewhat risky) strategy to ensure they\u2019d win the slides, no matter what. These Bidders likely assumed that most people would Bid much lower amounts. By Bidding $1M, they\u2019d be guaranteed to win the slides, and would only end up paying the much lower Clearing Price. What makes this strategy risky is that it depends on most other Bidders <em>not<\/em> pursuing it. If more than 42 people had Bid $1M for the black size 5, they would have all paid a 7-figure Clearing Price. But as it turns out, that\u2019s not what happened. The strategy paid off.<\/p>\n<h2><b>Determining the Clearing Price<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">But where this IPO gets truly interesting is in looking at the Clearing Prices for each slide. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Like any market pricing model, the Clearing Price for this auction was driven by two basic forces: supply and demand. First, let\u2019s talk about supply. When working with Ben Baller and Straye, the manufacturer for the slides, we purposely kept our supply of the red slides smaller to create scarcity; we also varied our supply for each size to a more traditional retail footwear allotment \u2014 meaning we had more supply in popular sizes like 9, 10, 11, and 12, and less supply of sizes like 5 or 13. The following chart breaks down our exact supply of slides by size and color.<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49111 size-full\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts.jpg\" alt=\"StockX_Image\" width=\"1203\" height=\"793\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts.jpg 1203w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts-440x290.jpg 440w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts-300x198.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts-768x506.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts-1100x725.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/006_BenBaller_Charts-956x630.jpg 956w\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Now, despite the smaller supply of red slides, there was no reason to think that demand would be significantly lower. Indeed, given the similarities between the slides, we expected the demand &#8211; that is, the number of Bids &#8211; to be roughly equivalent for each colorway. And that\u2019s exactly what we saw. In the following chart, demand (quantity of Bids) is represented by the shaded area and is measured on the right y-axis; and supply (quantity available) is represented by the bars and measured on the left y-axis.<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49348 size-full\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1.jpg\" alt=\"StockX_Image\" width=\"1264\" height=\"989\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1.jpg 1264w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1-300x235.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1-768x601.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1-1100x861.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1-805x630.jpg 805w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/005_BenBaller_Charts1-1022x800.jpg 1022w\" sizes=\"auto, (max-width: 1264px) 100vw, 1264px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">As you can see, while demand varies widely according to size (with popular sizes like 9 and 10 receiving far more Bids), the overall demand was roughly similar for each colorway. For example, there were just under 1200 bids for Red Size 10 and just over 1400 for the Black Size 10.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Given the relative scarcity of the red slides, this meant that the <\/span><i><span style=\"font-weight: 400;\">ratio<\/span><\/i><span style=\"font-weight: 400;\"> of demand to supply was much higher for the red slides compared to the black. For the black size 10 slide, those 1400 Bids were chasing after 100 available pairs &#8211; a 14:1 ratio. But for the red size 10 slide, those 1200 Bids were chasing after just <\/span><i><span style=\"font-weight: 400;\">50<\/span><\/i><span style=\"font-weight: 400;\"> pairs &#8211; a 24:1 ratio. You can see these different ratios in the following chart:<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49107 size-full\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts.jpg\" alt=\"StockX_Image\" width=\"1203\" height=\"793\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts.jpg 1203w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-440x290.jpg 440w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-300x198.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-768x506.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-1100x725.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-956x630.jpg 956w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/002_BenBaller_Charts-1200x791.jpg 1200w\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">What do these ratios represent? In a word: hype. After all, hype arises from the discrepancy between demand and supply. The more that demand outstrips supply &#8211; the higher the ratio between them &#8211; the bigger the hype. And this brings us to the Clearing Price.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we all know, the price of an item follows its hype: the bigger the hype, the higher the price. So it isn\u2019t surprising that the clearing prices for each item closely followed the level of hype. The following chart shows the clearing price for each size and color slide:<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-49347 size-full\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2.jpg\" alt=\"StockX_Image\" width=\"1203\" height=\"989\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2.jpg 1203w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2-300x247.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2-768x631.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2-1100x904.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2-766x630.jpg 766w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/004_BenBaller_Charts2-973x800.jpg 973w\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">You can see that the Clearing Price \u2014 again, the last High Bid in the quantity available \u2014 varied significantly, ranging from as little as $75 to as much as $350. And the variation in price closely followed the variation in the hype. Thus, the Clearing Price was higher across the board for the red slides compared to the black. And the slide with the highest ratio of demand to supply (the red size 13) was also the slide with the highest clearing price ($350). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The last thing to note about this IPO is that the vast majority of winning Bids were a good deal higher than the Clearing Price, meaning most Bidders were ecstatic to end up paying the Clearing Price because it was less than what they Bid. We have a chart to prove just that:<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts.jpg\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone size-full wp-image-49108\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts.jpg\" alt=\"StockX_Image\" width=\"1203\" height=\"748\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts.jpg 1203w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts-300x187.jpg 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts-768x478.jpg 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts-1100x684.jpg 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/003_BenBaller_Charts-1013x630.jpg 1013w\" sizes=\"auto, (max-width: 1203px) 100vw, 1203px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The chart above shows the percentage of winning Bids that came in above the Clearing Price. Over 90% of the winning Bids on the majority of slides came in higher than what they paid. The red size 13 is the only outlier because we just so happened to have a number of Bidders submit the exact same Clearing Price Bid ($350). And even in that case, 73% of the winning Bids were higher than the Clearing Price.<\/span><\/p>\n<h2><b>Now What?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In the days and weeks ahead, things will get even more interesting, as the red and black slides can now be resold on our marketplace. Already we\u2019re seeing Asks come in at more than double the Clearing Price in both colorways of the slides. If history is any indication, the price should stay well above the Clearing Price. Remember, there were many Bidders who thought they were worth more than what they ended up paying.<\/span><\/p>\n<p><a href=\"https:\/\/stockx.com\/straye-ben-baller-did-the-chain-slide-red\"><img decoding=\"async\" title=\"StockX Image\" loading=\"lazy\" class=\"alignnone wp-image-48830 size-blog-large\" src=\"https:\/\/stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-713x630.png\" alt=\"StockX_Image\" width=\"713\" height=\"630\" srcset=\"https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-713x630.png 713w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-300x265.png 300w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-768x679.png 768w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-1100x973.png 1100w, https:\/\/images-wp.stockx.com\/news\/wp-content\/uploads\/2019\/01\/Screen-Shot-2019-01-30-at-6.20.43-AM-905x800.png 905w\" sizes=\"auto, (max-width: 1484px) 100vw, 1484px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">But the really exciting takeaway is what this IPO means for the future of shoe releases and e-commerce in general. Again, these \u201cBen Baller Did The Chain\u201d slides were not released anywhere else. They were made exclusively available on StockX with no set retail price. And this pricing model presents clear, undisputable advantages when compared to the traditional retail model.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Imagine what would have happened if Ben had released these slides at a traditional retail outlet. Things would\u2019ve turned out much differently. Let\u2019s say he took the same quantity of red slides to a traditional outlet and priced them at around $70; based on what we knew from Ben and the retail slide market, $70 would have been a reasonable price. So imagine there are 275 products for sale at a retail price of $70, but the resale market values them at as much as $400. What happens then? Mass chaos. If they were released in stores, you might have seen campouts and crowd control issues. \u00a0If released online, sites would\u2019ve crashed or bots would\u2019ve gotten them all (and if released via raffle, the chances of getting a pair would\u2019ve been effectively zero). <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But because of our IPO model, none of those things even came close to happening. Instead, everyone had a fair and equal chance to cop at a price they were willing to pay. Even better, over 90% of Bidders got the slides for less than they were willing to pay. And that price is still way less than the resell market value, making it a great opportunity for those looking to flip. There was no riot, no bot, no backdoor sales, and no site crashing. We even got <\/span><a href=\"https:\/\/hypebeast.com\/2019\/1\/stockx-ben-baller-slides-blind-auction-ipo\"><span style=\"font-weight: 400;\">great<\/span><\/a> <a href=\"https:\/\/www.esquire.com\/style\/mens-fashion\/a25990405\/stockx-ben-baller-straye-sandals-slides\/\"><span style=\"font-weight: 400;\">press<\/span><\/a> <a href=\"https:\/\/twitter.com\/NYSE\/status\/1088111970623148033\"><span style=\"font-weight: 400;\">because of it<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">By letting the market decide the value of these slides from the jump, we essentially streamlined the entire process from release to resell. At StockX, we think this a fundamentally better way to release and price hyped products. We don\u2019t set the price; you do. That\u2019s how the resale market works and we think this is how the retail market should work as well. \u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Like the headlines said, \u201cBen Baller Did The Chain. StockX Changed The Game.\u201d But now it\u2019s time for you to really understand the magnitude of our first ever true IPO.<\/p>\n","protected":false},"author":29,"featured_media":48024,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"brands":[],"series":[],"verticals":[],"class_list":["post-48818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>StockX Changed The Game: The Ben Baller Initial Product Offering\u2122 (IPO) Recap<\/title>\n<meta name=\"description\" content=\"We said \u201cBen Baller Did The Chain. StockX Changed The Game.\u201d But now it\u2019s time for you to really understand the magnitude of this release.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stockx.com\/news\/ben-baller-ipo-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"StockX Changed The Game: The Ben Baller Initial Product Offering\u2122 (IPO) Recap\" \/>\n<meta property=\"og:description\" content=\"We said \u201cBen Baller Did The Chain. 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