PayPal (NASDAQ: PYPL) has gone public twice. The digital-payments company initially went public in 2002, but eBay (NASDAQ: EBAY) acquired it that same year. It remained a subsidiary of eBay and was its primary payments platform until 2015, when it was spun off again as a public company.

Investors received one new share of PayPal for each share of eBay they owned, but it didn't go through another IPO. Investors who didn't already own eBay's shares could only buy PayPal's stock when it opened at $41.63 on July 20, 2015.

Image source: PayPal.

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Source Fool.com