NEW YORK — StubHub is set to enter the public arena Wednesday after the ticket marketplace priced its initial public offering at $23.50 per share.

The company’s shares will trade on the New York Stock Exchange under the symbol “STUB.” StubHub offered just over 34 million shares and raised approximately $800 million. At the offering price the company has a market valuation of about $8.6 billion.

It plans to use proceeds from the sale to pay down debt and for general corporate purposes.

The company, which is based in New York, said buyers in more than 200 countries and territories used its platform to purchase more than 40 million tickets in 2024. It was co-founded in 2000 by current CEO, Eric Baker. He will remain CEO and maintain a controlling share in the company.

EBay bought StubHub

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