Money transfer service provider Xoom files for a $50 million IPO
Xoom, which provides online consumer-to-consumer international money transfer services, filed on Friday with the SEC to raise up to $50 million in an initial public offering. The San Francisco, CA-based company, which was founded in 2001 and booked $73 million in sales for the 12 months ended September 30, 2012, plans to list on the NASDAQ under the symbol XOOM. Xoom initially filed confidentially on June 28, 2012. Barclays and Needham & Co. are the joint bookrunners on the deal. No pricing terms were disclosed.