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Xoom Corp Announces Pricing of Initial Public Offering


Thursday, 14 Feb 2013 08:12pm EST 

Xoom Corp 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 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. 

Company Quote

21.74
-1.06 -4.65%
11:54am EDT