PayPal Celebrates Listing on Nasdaq and Completes Separation from eBay Inc.
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Stand-Alone PayPal (PYPL) Gets Wall Street Love
July 20, 2015 10:02 AM EDTPayPal's (NASDAQ: PYPL) first day of 'regular way' trading following the eBay (NASDAQ: EBAY) spin-off is off to a good start. Shares of the online payment giant are up 5.9% to $40.65 shortly after the opening of trading, which puts the market cap above $50 billion.
A number of Wall Street firm's launched stand-alone coverage on the stock amid the debut - all but one was positive.
SunTrust Robinson Humphrey analyst Bob Peck, who launched with a... More
PayPal valued at about $50 billion ahead of market debut
July 20, 2015 9:38 AM EDT
By Devika Krishna Kumar and Mari Saito
(Reuters) - PayPal Holdings Inc (Nasdaq: PYPL) shares rose 5.9 percent in premarket trading, ahead of their highly anticipated return to the Nasdaq, valuing the company at about $50 billion.
PayPal, spun off from eBay Inc (Nasdaq: EBAY), is widely expected to build partnerships with e-commerce rivals and try to seize market share from startups such as Stripe and Square and technology behemoth Apple Inc (Nasdaq: AAPL), which unveiled its own mobile payments... More
PayPal (PYPL) Completes Separation from eBay (EBAY)
July 20, 2015 9:34 AM EDTPayPal Holdings, Inc. (PayPal) (Nasdaq: PYPL) announced today that it has completed its separation from eBay Inc. (eBay) and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol PYPL. The companys leadership team joined with employees and merchants to push the iconic PayPal button to ring the opening bell at Nasdaq to mark the milestone.
PayPal President and CEO Dan Schulman joins employees and customers to push the iconic PayPal button to ring the bell at Nasdaq this morning. PayPal today became an independent publicly-traded company on... More
