IPO News Archive

Money transfer service provider Xoom sets terms for $81 million IPO

2/1/13


Xoom, which provides online consumer-to-consumer international money transfer services, announced terms for its IPO on Friday. The San Francisco, CA-based company plans to raise $81 million by offering 5.8 million shares (19% insider) at a price range of $13 to $15. At the midpoint of the proposed range, Xoom would command a fully diluted market value of $498 million. Xoom, which was founded in 2001 and booked $80 million in sales for the 12 months ended 12/31/2012, plans to list on the NASDAQ under the symbol XOOM. Barclays and Needham & Co. are the joint bookrunners on the deal.
Keywords/Tickers: XOOM
Source: www.RenaissanceCapital.com
blog comments powered by Disqus
Attribution Policy: The information contained herein is proprietary and copyrighted. The media is welcome to use our information and ideas, provided that the following sourcing is included: Renaissance Capital, Greenwich, CT (www.renaissancecapital.com).
Investment Disclosure: The information and opinions expressed herein were prepared by Renaissance Capital's research analysts and do not constitute an offer to buy or sell any security. Renaissance Capital and/or the Global IPO Fund (symbol: IPOSX) may have investments in securities of companies mentioned.
Invest in Global IPO Fund
About Fund Prospectus Invest