PayPal is Trading!

Shares of PayPal (PYPL) are now trading! The stock opened at $41.63 while eBay (EBAY) is at $26.93. That combined price is far higher than where united company had been.

You may notice that the YTD numbers on our Buy List page are off because we don’t have the tax basis figures yet. Once we get them, I’ll plug them in.

Short version: The cost of eBay and PayPal will be distributed, I’m assuming, about 57% for PYPL and 43% for EBAY. Give or take.

For this year’s Buy List, the cost basis for the untied eBay was $56.12. So the cost basis will probably be about $32 for PayPal and $24.12 for eBay.

Update: See here for the accounting for the spinoff.

Posted by on July 20th, 2015 at 9:38 am


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