Trending: Amazon’s future in Seattle uncertain as neighboring city looks more and more like HQ2

PayPal is worth roughly $44 billion during its first full-day of trading as an independent company. The San Jose, Calif.-based payments company, which plans to spin-out from eBay officially on July 17, is temporarily trading under the symbol PYPLV. Today, shares are trading around $36.48, but earlier today, shares shot up to as high as $37.40, equaling about 60 percent of eBay’s market capitalization — even though PayPal is the smaller unit. This is just one of the many steps being taken before the two companies end their 13-year corporate marriage.

 

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