PayPal to join prestigious stock indices

San Jose, Calif. – PayPal Holdings Inc. is still not officially an independent company, but is getting some serious respect from the investment world.



Once PayPal splits from parent company eBay and starts trading on the Nasdaq Stock Market under “PYPL” (expected July 17), it will be listed on several prominent stock indices.



These include the S&P 100 and S&P 500. PayPal will replace former parent company eBay in the S&P 100. These actions will be effective after the close of trading on Friday, July 17. eBay will remain in the S&P 500 following completion of the transaction.



PayPal was initially founded as an independent company in 1998 and joined eBay in 2002. PayPal intends to become a platform for a world in which all commerce is performed digitally.