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PayPal, Inc. Initial Public Offering
PayPal, Inc.'s road to its Initial Public Offering (IPO) was rocky and strew with problems. It postponed it offering just the day before it was scheduled due to a lawsuit filed and many felt that its price would suffer as the result of decisions by Louisiana claiming that PayPal was violating banking laws.
The offering was postponed because of a lawsuit filed by privately held online security firm CertCo, charging PayPal with patent infringement. CertCo claimed that the PayPal system violated its patent for a method for making payment and transactions in an electronic payment system. …
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