PayPal continues push for IPO
Despite turbulent economic conditions, Internet payment service PayPal has filed an amended prospectus with the Securities and Exchange Commission concerning its proposed initial public offering of 5.4 million shares at between US$12 and $14 each, according to c|net. The company estimates net proceedings from the IPO at about $63.3 million. PayPal has applied to list on Nasdaq under the symbol “PYPL”. Read More
