logo
Share SHARE
FONT-SIZE Plus   Neg

Xoom Prices IPO At $16, Above Estimated Range

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) luxury brand is offering 400 dealers as it reshapes the brand's image to better compete with rivals, according to media reports. The Detroit auto maker will provide as much as $180,000 in "transition assistance" to U.S. Cadillac dealers unwilling to invest in a set of new standards... Hotwire of Expedia Inc. cautioned customers about a fake fax memo. The memo, offering deep travel discounts, has an old corporate Hotwire logo in it to falsely imply a connection with Hotwire. It carries phone numbers which are not related to travel booking site. A Singapore-based music start-up has acquired a 49 percent stake in the iconic music and pop culture-focused magazine Rolling Stone, becoming the first outsider investor in the magazine. Financial terms of the deal, which will enable Rolling Magazine to expand its international reach, were not disclosed.
comments powered by Disqus
Follow RTT