eBay Slips After Filing for $1 Billion Stock Offering

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eBay (EBAY) - Get Report was down 4.7% in preopen Instinet trading, after the Internet auction house filed with U.S. regulators Thursday to sell $1 billion of common stock.

The company plans to sell the securities in one or more separate offerings, with amounts, prices and terms to be determined at the time of sale.