Published On:
Mon, Jul 20th, 2015
PayPal starts trading above $40 and it’s already worth billions more than eBay
Paypal is already valued at roughly $50 billion.
PayPal started trading on the Nasdaq this morning at $40.65 per share.
As an independently traded company, Paypal is already valued at roughly $50 billion. Compare that with eBay’s market cap of about $33.64 billion. Plus, after spinning off PayPal, eBay’s stock is down, trading at $27.61.
This is PayPal’s second stint as a publicly traded company. It first debuted under the ticker symbol PYPL in 2002. Shortly thereafter it was acquired by eBay… READ MORE
VB Venture Beat , by Ruth Reader
Read more about: ebay, EBAY INC., Economics, NASDAQ, NASDAQ-100, Payment systems, payPal, PAYPAL INC.
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