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Strategies & Market Trends : Paint The Table

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To: AugustWest who wrote (13459)	2/7/2002 6:33:04 AM
From: arno	Read Replies (1) of 23786

Sorry, I don't have a link.......... PayPal pulls out at the last minute Last Update: 6:08 PM ET Feb 6, 2002 NEW YORK (CBS.MW) - The brightening spotlight on the market for initial public offerings dimmed suddenly on Wednesday afternoon following PayPal's postponement of its planned IPO. The Palo Alto, Calif.-based provider of online payment services had planned to offer 5.4 million shares at a range of $12 to $14 with lead underwriter Salomon Smith Barney. But the company said it would delay the IPO because of a lawsuit filed against it by rival Certco claiming patent infringement, according to Dow Jones Newswires. It did not set a new date.

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