PayPal Holdings Inc. shares rose as much as 11 percent in their market debut after separating from eBay Inc.
The shares gained 5.6 percent to $40.55 at 11:39 a.m. Monday in New York after climbing as high as $42.55. PayPal is trading on the Nasdaq Stock Market as PYPL, its original ticker symbol before being acquired by eBay in 2002. eBay rose 1.8 percent to $28.40.
PayPal Chief Executive Officer Dan Schulman said helping brick-and-mortar retailers develop smartphone apps that let consumers place orders and make payments in advance -- as it has done with Subway and Burger King -- ...
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