With split nearly complete, PayPal expects to begin trading on July 20

Today eBay announced that it has nearly completed its spin-off of PayPal.

PayPal is expected to begin trading on July 20 under the symbol PYPL on the Nasdaq. In the announcement, eBay noted that in 2014, PayPal processed $235 billion in transaction volume, handling one billion mobile transactions. In total, PayPal raked in $8 billion in revenue last year.

EBay first announced plans to spin off PayPal in September of last year.

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