Online ticket platform StubHub is pricing its IPO at $23.50, CNBC's Leslie Picker confirmed on Tuesday.

The pricing comes at the midpoint of the expected range that the company gave last week. At $23.50, the pricing gives StubHub a valuation of $8.6 billion.

StubHub confirmed the IPO pricing in a release late Tuesday. The company said its shares are expected to begin trading on the New York Stock Exchange on Wednesday under the symbol "STUB."

The San Francisco-based company was co-founded by Eric Baker in 2000, and was acquired by eBay for $310 million seven years later . Baker reacquired StubHub in 2020 for roughly $4 billion through his new company Viagogo, which operates a ticket marketplace in Europe.

StubHub has been trying to go public for the past several years, but del

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