More from Renaissance Capital
Referenced Stocks

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

By Renaissance Capital,  February 01, 2013, 07:53:55 AM EDT

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.




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: News Headlines, IPOs

Referenced Stocks: XOOM



Latest News Video

End of Active Investigation in Powell Case
End of Active Investigation in Powe...
Apple CEO to Lawmakers: Fix U.S. Tax Code!
Apple CEO to Lawmakers: Fix U.S. Ta...
Oklahoma Tornado Aftermath Update
Oklahoma Tornado Aftermath Update   
Workers Strike Over Federal Contracts
Workers Strike Over Federal Contrac...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.44 0.07  0.52%
F $ 14.95 0.10  0.66%
CLWR $ 3.40 0.14  4.29%
SIRI $ 3.515 0.02  0.43%
MSFT $ 34.85 0.23  0.66%
CSCO $ 24.01 0.07  0.27%
MRK $ 47.33 2.12  4.69%
PFE $ 28.78 0.08  0.28%