Associated Press Finance & Business California United States PAYPAL IPO

PAYPAL IPO

PayPal Chief Executive Officer Peter Thiel, left, and founder Elon Musk, right, pose with the PayPal logo at corporate headquarters in Palo Alto, Calif., Oct. 20, 2000. Online payment provider PayPal Inc. raised $70.2 million in its widely anticipated initial public offering, but a patent infringement lawsuit gave investors reason to be wary as the stock began trading Friday, Feb. 15, 2002 on the Nasdaq Stock Market. After covering expenses, Palo Alto-based PayPal expects to net $61.3 million from the initial sale Thursday of 5.4 million shares at $13 apiece, according to a Securities and Exchange Commission filing. (AP Photo/Paul Sakuma, File)

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00102003029
October 20, 2000 12:00:00 AM
February 15, 2002 02:38:38 PM
PAUL SAKUMA
AP
ASSOCIATED PRESS
DIGITAL IMAGE
2000 x 1275 0.62 MB
Edgil Legal, Legal
PALO ALTO, CALIFORNIA, UNITED STATES
PAL101
STF
LJ PS

This content is intended for editorial use only. For other uses, additional clearances may be required.

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