Initial Public Offering

Technology & Services
Initial Public Offering

Summary

Baird served as a co-manager on this offering.

About

Xoom Corporation (NASDAQ: XOOM) (“Xoom” or the “Company”), a portfolio company of Sequoia Capital, New Enterprise Associates (NEA) and Agilus Ventures, recently completed an initial public offering of 7,273,750 shares of common stock at a price of $16.00 per share, generating gross proceeds of approximately $116.4 million. The Company offered 6,171,189 shares of common stock and the selling shareholders offered 1,102,561 shares of common stock. The Company will not receive any proceeds associated with the shares sold by the selling shareholders. The Company intends to use the net proceeds it receives from the offering for working capital and general corporate purposes.

Xoom is a pioneer and leader in the online consumer-to-consumer international money transfer industry. The Company’s customers use Xoom to send money to family and friends in 30 countries. Xoom’s modern online and mobile platforms disrupt traditional forms of money transfer and deliver its customers a convenient, fast and cost-effective way to send money. The Company’s proprietary technology enables easy-to-use online and mobile sender interfaces, effective risk management and seamless integration with its disbursement partners’ systems. Xoom has developed extensive partnerships with major banks and leading retailers who form its global disbursement network across 30 countries and deliver a high quality of service through regionally-recognized, trusted brands. Xoom is headquartered in San Francisco, California.

For additional information about this transaction, please contact:

John Moriarty (650) 858-3811
Louis Draper (650) 858-3821
Erik Szyndlar (650) 858-3814
Mathew Kessler (415) 627-3223
Greg Ingram (415) 627-3279
Anthony Siu +86 (21) 618 209 80
Technology & Services
Initial Public Offering
Date
February 2013
Company
XOOM Corporation
Transaction
M&A
Sectors
Technology & Services
Target Location
North America

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