Editorial Editorial Creative (RM) Creative (RF) NFL Content NFL AP Content Advanced search Advanced Search X Advanced Search Back to search results 1 of 1,373,307 results PAYPAL IPO Overview Get price 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) Use Information This content is intended for editorial use only. For other uses, additional clearances may be required. ID: 00102003029 Creation Date: October 20, 2000 12:00:00 AM Submission Date: February 15, 2002 02:38:38 PM Photographer: PAUL SAKUMA Source: AP Credit: ASSOCIATED PRESS Special Instructions: DIGITAL IMAGE Resolution: 2000 x 1275 0.62 MB Subject: Edgil Legal, Legal Location: PALO ALTO, CALIFORNIA, UNITED STATES Transmission Reference: PAL101 Byline Title: STF Caption Writer: LJ PS Usage Notes: This content is intended for editorial use only. For other uses, additional clearances may be required. X Message Box Cancel Ok No Yes