Xoom Prices 4.4M Share Offering at $30.50/Share
Xoom Corporation (NASDAQ: XOOM), a leading digital money transfer provider, today announced the pricing of its follow-on offering of 4,403,270 shares of its common stock at a price to the public of $30.50 per share. Of these, 2,970,648 shares will be offered by Xoom and 1,432,622 shares will be offered by selling stockholders. The underwriters have been granted a 30-day option to purchase up to an additional 660,490 shares of common stock from Xoom to cover over-allotments.
Barclays Capital Inc. and Needham & Company, LLC are acting as joint book-running managers for the offering, and Robert W. Baird & Co. and SunTrust Robinson Humphrey are acting as co-managers for the offering.