Ticketing Platform StubHub Falls 6.4% After $800 Million IPO

WATCH: StubHub goes public on the NYSE.ASSET: 10019890IN: 11:10:55;17 (It’s tremendous)OUT: 11:13:56;03 (sky’s the limit)

StubHub Holdings Inc. shares declined 6.4% in the ticketing platform’s debut after raising $800 million in an initial public offering.

Shares of the New York-based company closed at $22 each on Wednesday, erasing an initial gain. The firm had sold 34 million shares Tuesday at $23.50, after offering them for $22 to $25 each.