Home  >  Community  >  The eBay Outlook  >  Paypal IPO raises $70.2 Million
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 technerd
  		posted on February 14, 2002 07:16:34 PM
Well, the IPO went off this evening.

5.4 million shares were sold at $13 each.

There are a total of 59.8 million shares of Paypal. So, their current market cap is $777,400,000.

They will start trading Friday 2/15 on Nasdaq. The symbol is PYPL.

How will Paypal do?

I don't know. But, with insiders holding almost 50 million shares, they will do well, even if they sell them for only $1 each.

Paypal has won.

 
 computerboy
  		posted on February 14, 2002 07:19:02 PM
I'll be watching it closely tomorrow. I purchased a few hundred company directed shares pre IPO and it should be interesting..

 
 fnewbrough
  		posted on February 14, 2002 08:48:52 PM
Paypal just made themselves a bigger target.

 
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