It’s a new day for PayPal

San Jose, Calif. – July 20 will always be a huge day in the history of PayPal Holdings Inc. PayPal completed its separation from eBay Inc. on July 17, but as of today is trading on the Nasdaq Stock Market under the ticker symbol “PYPL” as an independent public company



Under the terms of the separation, on July 17, 2015, stockholders who held eBay common stock at the close of business on July 8, 2015 received a distribution of one PayPal common share for every one share of eBay common stock held as of the record date. No fractional shares of PayPal were distributed.



During 2014, PayPal processed $235 billion in total payment volume and generated more than $8 billion in revenues. Also in 2014, PayPal processed $46 billion in mobile payment volume. The company serves more than 169 million active customer accounts in 203 markets around the world.



“As the world’s open, digital payments platform and most trusted and popular digital wallet, we are excited to celebrate our listing day and embark on our next chapter,” said Dan Schulman, president and CEO of PayPal. “Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before. As an independent company, we see a tremendous opportunity for PayPal to expand our role as a champion for consumers and partner to merchants, and to help shape the industry as money becomes digital at an increasingly rapid pace.”



Since July 6, 2015, PayPal shares have traded on a “when issued” basis on the Nasdaq under the symbol “PYPLV,” permitting investors to trade the right to receive PayPal shares in the distribution. “When issued” trading of PayPal common shares ended at the close of the market on July 17. Starting today, the “regular way” trading of PayPal common stock on the Nasdaq commenced under the symbol “PYPL.”



PayPal previously was listed on the Nasdaq under the same ticker symbol “PYPL” before it was acquired by eBay in 2002 for $1.5 billion.