For the first day of trading on the NASDAQ PayPal became one and a half times more expensive than eBay

Recall that from July 17 to July 18, eBay and PayPal were separated . The payment system is now an independent company, and its shares are traded on exchanges separately from eBay. At the same time, on the very first day of trading on the NASDAQ stock exchange, the company's capitalization reached $ 50 billion, the first day was closed with an increase of 5%, Roem writes . At the time of closing of the exchange, the value of the company's shares reached $ 40.48.

PayPal management has already begun to plan the future development strategy of the company, and the payment system began its independent activities with expansion. This month, PayPal purchased the Xoom service, which specializes in transferring money abroad. The cost of the transaction was $ 890 million. And in early March of this year, PayPal bought Paydiant, a bargain payment service.

Now, according to Dan Shulman, the company's president, PayPal has no debts, and the payment system has about $ 6.6 billion on its balance sheet. PayPal also has shares that it has the right to spend.

Now the payment system announces the continuation of cooperation with the online auction site eBay, plus the company is trying to find new partners. Such partners may well be Amazon and Alibaba Group.