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Xoom Corp Files IPO For $50 Million In Common Stock-DJ

Saturday, 12 Jan 2013 03:16am EST 

Dow Jones reported that online cash-transfer company Xoom Corp. disclosed plans for an initial public offering worth as much as $50 million on January 11, 2013. San Francisco-based Xoom operates an online, international money-transfer business. Customers can send funds to other customers in 30 countries. The Company generates revenues from transaction fees. The Company said in the filing that it plans to list on the Nasdaq Stock Market under the ticker XOOM, without stating how many shares it plans to sell. Barclays and Needham & Co. will serve as Xoom's lead underwriters. 

Company Quote

29 Oct 2014