Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Xoom Prices IPO At $16, Above Estimated Range

RELATED NEWS
Trade XOOM now with 

Xoom Corp, a global online money transfer provider, announced that it has priced initial public offering of 6.325 million common shares at $16.00 per share, above the estimated range.

In an amended regulatory filing with the U.S. Securities and Exchange Commission, the company had expected to price the initial public offering of 4.65 million common shares between $13 and $15 per share.

The San Francisco, California-based company said that 5.22 million shares will be offered by it and 1.10 million shares will be offered by selling stockholders.

The company granted underwriters a 30-day option to purchase up to an additional 948,750 shares of common stock to cover over-allotments.

The compay specified that its shares will 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.

Click here to receive FREE breaking news email alerts for Xoom Corp and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Stocks moved notably higher over the course of the trading day on Tuesday after recovering from an initial move to the downside. With the strong upward move on the day, the Dow reached a new record intraday high before giving back some ground. President Barack Obama is scheduled to travel to the headquarters of the Centers for Disease Control and Prevention in Atlanta, Georgia, on Tuesday to outline steps the U.S. will take to help combat the Ebola outbreak in West Africa. Senate Republicans once again voted Monday to block a Democratic bill aimed at narrowing the national gender wage gap. The Senate voted 52 to 40 in favor of limiting debate on the Paycheck Fairness Act, falling well short of the 60 votes required.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.