Market Overview

Xoom Announces Pricing of Initial Public Offering

SAN FRANCISCO, Feb. 14, 2013 (GLOBE NEWSWIRE) -- 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; or from Needham & Co., via telephone: (212) 371-8300, email: prospectus@needhamco.com, or standard mail at Needham & Company, LLC, 445 Park Avenue, New York, NY 10022, Attn: Prospectus Department.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The Xoom Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17189

(Xoom-f)

CONTACT: Investor Contact: Gloria Lee Director, Investor Relations investor@xoom.com Media Contact: Robin Carr Director, Public Relations pr@xoom.com

company logo

 

Around the Web, We're Loving...

Partner Network

Get Benzinga's News Delivered Free