PayPal separates from eBay, lists on Nasdaq as PYPL

 PayPal Holdings, Inc. (Nasdaq:PYPL) announced today that it has completed its separation from eBay Inc. and is now an independent public company trading on the Nasdaq Stock Market under the ticker symbol “PYPL.” The company’s 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 the exchange with the ticker symbol PYPL. (Source: Nasdaq)

As the world’s open, digital payments platform and most trusted and popular digital wallet, we are excited to celebrate our listing day and embark on our next chapter (…) Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before. As an independent company, we see a tremendous opportunity for PayPal to expand our role as a champion for consumers and partner to merchants, and to help shape the industry as money becomes digital at an increasingly rapid pace.

Dan Schulman,

President and Chief Executive Officer of PayPal.

PayPal is well-positioned to deliver the benefits of digital money to people around the world. In 2014, PayPal processed $235 billion in total payment volume and generated more than $8 billion in revenues. Also last year, PayPal processed $46 billion in mobile payment volume. The company serves more than 169 million active customer accounts in 203 markets around the world.

Schulman continued:

We are focused on leveraging our strengths to drive long-term growth for our company and shareholders. PayPal is unique. We have a singular focus on digital payments, deep commitment to customer service, a drive for innovation and a technology agnostic platform that creates value for our consumers and merchants online, in apps, and increasingly in stores.

PayPal previously was listed on the Nasdaq under the same ticker symbol “PYPL” before it was acquired by eBay Inc. in 2002 for $1.5 billion. “We’d like to thank our friends at eBay for their tremendous support and partnership over the past 12-plus years,” concluded Schulman.

PayPal is a global payments platform available to people in 203 markets, allowing customers to get paid in more than 100 currencies, withdraw funds to their bank accounts in 57 currencies and hold balances in their PayPal accounts in 26 currencies.

pypl

Our news directly in your inbox:

AdHugger © 2019 All Rights Reserved