Market Overview

Xoom Announces Prices 6.325M Share IPO at $16.00/Share

Xoom Corporation (NASDAQ: XOOM), a global online money transfer provider, today announced the pricing of its initial public offering of 6,325,000 shares of its common stock at a price to the public of $16.00 per share. 5,220,893 shares will be offered by Xoom and 1,104,107 shares will be offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 948,750 shares of common stock from Xoom to cover over-allotments. The shares are expected to begin trading on the NASDAQ Global Market on February 15, 2013 under the symbol "XOOM."

Barclays Capital Inc. and Needham & Co., LLC are acting as joint book-running managers for the offering, and Raymond James & Associates and Robert W. Baird & Co. are acting as co-managers for the offering.

A registration statement relating to these securities has been filed with the Securities and Exchange Commission and was declared effective. The offering is being made only by means of a prospectus. A copy of the final prospectus related to the offering may be obtained from Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, email: Barclaysprospectus@broadridge.com, telephone: (888) 603-5847;

See full press release

Posted-In: News Guidance Management

 

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