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July 20, 2015 02:31 pm GMT
Everybody expected PayPal (NASDAQ:PYPL) to be worth more than eBay following its split with its parent company (NASDAQ:EBAY), but not that much. After a short period of trading on a “when issued” basis, PayPal is now officially an independent company. On its first day of trading, shares opened at $41.63, 8.3 percent above Friday’s last temporary closing price before its… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/BYWGWgiA9uw/
PayPal Shares Pop 8.3 Percent Following eBay Split Valuing PayPal At More Than $50 Billion
Everybody expected PayPal (NASDAQ:PYPL) to be worth more than eBay following its split with its parent company (NASDAQ:EBAY), but not that much. After a short period of trading on a “when issued” basis, PayPal is now officially an independent company. On its first day of trading, shares opened at $41.63, 8.3 percent above Friday’s last temporary closing price before its… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/BYWGWgiA9uw/
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