“PayPal Holdings Inc (PYPL.O) shares jumped as much as 11 percent in their highly anticipated return to the Nasdaq after more than a decade in eBay Inc’s (EBAY.O) fold, valuing the digital payment processor at about $52 billion. PayPal is a giant in the market it helped create – it processed 4 billion payments tootling about $235 billion in 2014. But the online payments landscape has changed drastically since the company was snapped up by eBay in 2002. PayPal shares soared to $42.55 in early trading. Wall Street analysts were overwhelmingly bullish on the stock. Nine of the 11 starting coverage on the stock have a ‘buy’ or similar rating.”
http://www.reuters.com/article/2015/07/20/us-paypal-hldg-debut-idUSKCN0PU1DF20150720
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