September 6, 2001 4:20 PM PDT
eBay registers shares
eBay registered with the Securities and Exchange Commission on Thursday to sell up to $1 billion worth of its stock. The so-called shelf registration doesn't specify when or how the San Jose, Calif.-based company would sell the stock, but leaves the door open for the company to use the stock for acquisitions. eBay paid $250,000 to register the stock.
In June, eBay registered 10 million shares, worth more than $600 million at the time. Last month, eBay registered 92,900 shares of stock--about $5 million worth--in connection with its acquisition of HomesDirect.com.
