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PayPal up 5% on Nasdaq upon split from eBay

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Paypal has returned to the public stock markets for the first time in more than a decade in a rousing start.

San Francisco

PAYPAL has returned to the public stock markets for the first time in more than a decade in a rousing start.

Shares in the payments giant closed up more than 5 per cent, to US$40.48, giving the company a market value of nearly US$50 billion. The company trades on the