PayPal IPO Delayed
from the keep-waiting dept
While everyone expected PayPal to finally price tonight and start trading tomorrow, it turns out that they’re delaying the IPO due to a patent infringement lawsuit filed earlier this week. Interesting timing on the lawsuit. I doubt that such a lawsuit will delay the IPO for too long, as they probably just need to file some documents admitting that the lawsuit exists and is a risk, blah, blah, blah. It looks as though PayPal may have to face up to the fact that they’re really going public – and that their bluff to try to flush out a corporate buyer didn’t work.