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Company
Symbol
Price
Shares
Trade Date
XoomXOOM
[ Nasdaq ]
16.003.7 millionSeptember 11 2013
Underwriter(s):
Barclays Capital, Needham & Co.
Co-Manager(s):
Baird & Co., SunTrust Robinson Humphrey
Industry:
Financial
Employees:
144
Founded:
2001
Address:
100 Bush Street, Suite 300, San Francisco, CA 94104
Phone:
415-777-4800


For IPO Boutique's "scale of 1 to 5" BUY rating on Xoom, and our comprehensive analysis, click the "Buy Market Research" link above.




About (adapted from prospectus):
Xoom is a pioneer and leader in the online consumer-to-consumer international money transfer industry. Customers use Xoom to send money to family and friends in 30 countries. Xoom's money transfers are initiated online or through a mobile device and can be sent at any time, from any Internet-enabled location. Recipients receive money in the manner they prefer and to which they are individually or culturally accustomed, at major banks and leading retailers.

Xoom does not pay originating agent commissions and the majority of transfers are funded directly from bank accounts, which lowers the cost of sales. Xoom has developed extensive partnerships with major banks and leading retailers who form their global disbursement network across 30 countries and deliver a high quality of service through regionally-recognized, trusted brands. Their foreign exchange revenue is derived from the difference between our cost to buy local currency and the price at which we sell the currency, referred to as our foreign exchange spread.

This description is adapted from prospectus. This description is not intended to be a recommendation to buy stock from this company. To see the company's full description, view their prospectus..


IPO Boutique aggregates information on public companies and private companies, such as "XOOM" IPO, which is intended to educate our readers and help them evaluate potential investment opportunities and market conditions. We endeavor to research the financial industry and obtain independent verification of factual statements before presenting them to our users. Be informed.




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