Tim, they are offering 5.4 million shares, all of which are from the company.
hoovnews.hoovers.com
PayPal Announces Initial Public Offering
February 14, 2002 7:56pm
PALO ALTO, Calif., Feb. 14 /PRNewswire/ -- PayPal, Inc. today announced
that it priced its initial public offering of 5.4 million shares of its common stock at $13.00 per share. The company has granted the underwriters an option to purchase up to an additional 810,000 shares to cover any over-allotments, if any.
Salomon Smith Barney served as bookrunning manager for the offering; Bear, Stearns & Co. Inc., William Blair & Company, SunTrust Robinson Humphrey and Friedman Billings Ramsey served as co-managers.
The offering of these securities is made only by means of a prospectus, copies of which may be obtained from Salomon Smith Barney, Brooklyn Army Terminal, 140 58th Street, 5th Floor, Brooklyn, NY 11220 (telephone: 718-765-6732).
PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. PayPal's account-based network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system.
PayPal noted that, based on statements recently made by a representative of CertCo, Inc., PayPal expects CertCo to file a motion seeking a preliminary injunction against the company, as early as today, in the patent infringement case that CertCo has brought against the company.
tbutton.prnewswire.com
SOURCE PayPal, Inc.
-0- 02/14/2002
/CONTACT: Darcy Hansen of Applied Communications, +1-415-365-0222,
ext. 262, or dhansen@appliedcom.com, for PayPal, Inc./
/Web site: paypal.com
CO: PayPal, Inc.
ST: California
IN: CPR MLM ECM
SU: OFR
HD-SK
-- SFTH091 -- 0816 02/14/2002 19:57 EST prnewswire.com |
