PayPal Shares Climb in Market Debut After Spinoff From EBay
(Bloomberg) -- PayPal Holdings Inc. Chief Executive Officer Dan Schulman talks about the company's initial public offering, business strategy and outlook. He speaks with Emily Chang on Bloomberg Television's "Market Makers." (Source: Bloomberg)
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PayPal Holdings Inc. shares rose 5.4 percent in their market debut as investors expect the company will grow after separating from EBay Inc.
The shares reached $40.47 at the close Monday in New York. PayPal is trading on the Nasdaq Stock Market as PYPL, its original ticker symbol before being acquired by EBay in 2002. EBay gained 2.4 percent to $28.57.