Ahead of its pending split from parent company, eBay, PayPal began trading on Nasdaq this morning on a “when issued” basis under the symbol PYPLV. So far, trades have settled around $36.50 per share, with a high of $39.75 per share.

Here are the details from the Wall Street Journal:

According to the Financial Times, this means that PayPal accounts for 60% of eBay’s market capitalization, which currently is sitting around $75 billion.

eBay shares are available in two separate forms, without PayPal rights (EBAY) and with PayPal rights (EBAYV), in which eBay shareholders will be given a PayPal share for each of their eBay shares. At noon eastern time, full eBay shares were trading at $61.40, and ex-PayPal eBay were trading at $25.10.

PayPal will officially split from eBay on July 20.

PayPal’s Braintree showed off at FinDEVr 2014 in San Francisco (video below) and will appear on the FinDEVr stage on 6/7 October 2015.

http://finovate.wistia.com/medias/y5r0p6kn2b?embedType=iframe&videoFoam=true&videoWidth=640

The company’s last Finovate demo was at FinovateEurope 2012 in London.