Ticket marketplace StubHub to see if its stock is the right price for Wall Street
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.
