PayPal started trading on the Nasdaq Monday under the ticker “PYPL,” the original one it had before was acquired by eBay in 2002.
PayPal’s shares gained 5.65 percent to $40.56 by 8:08pm GMT, while eBay rose 2.51 percent to $28.6. The latter continues to trade under the symbol EBAY on the Nasdaq.
— Business Insider (@businessinsider) July 21, 2015
Both companies will benefit from continuing their development separately, the head of PayPal Russia, Vladimir Malugin told RT via e-mail on Monday. “EBay gets an opportunity to focus on trade and PayPal – on payments”. He added that as a separate company, PayPal will be able to be more flexible and adapt to the changing needs of the customers more quickly.