PayPal, Inc. announced the filing of a registration statement for the initial public offering of its common stock. All of the securities in the proposed IPO are being offered by PayPal.
PayPal, Inc. enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. PayPal’s network builds on the existing financial infrastructure of bank accounts and credit cards to create a global, real-time payment solution.
Salomon Smith Barney Inc., Robertson Stephens, Inc. and William Blair & Company, L.L.C. are acting as managers of the proposed offering. When available, copies of the written prospectus relating to the proposed offering may be obtained from Salomon Smith Barney, Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York 11220.Details