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

Quick Facts

Editors Pick
This apparel maker has doubled its earnings per share in just two years and increased its annual earnings forecast from time to time, despite a challenging consumer spending environment. Contributions from acquisitions, efficiency gains from self-owned global supply chain and benefits from 'Innovate-to-Elevate' strategy continue to boost the company's results. Here is a quick summary of the earnings reported after the bell on Nov 20. We have 20+ stocks listed here. The good news is you can skip this step. There is a next move that can make your life a lot easier. Our research team has already done the groundwork for you. All these stocks listed... Design software maker Autodesk, Inc. said Thursday after the markets closed that its third quarter profit fell 81% from last year, as higher costs and expenses more than offset an 11% increase in revenue. However, the company's quarterly earnings per share, excluding items, came in above analysts' expectations as did its quarterly revenue.
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.