XOOM, Inc. Plans IPO
Page 1 of 1
XOOM, Inc. today announced that it filed a registration statement with the Securities and Exchange Commission relating to a proposed initial public offering of all its common stock.
XOOM is an online direct marketing company that also offers a community site with a variety of free services for its members, including homepages, e-mail, chat rooms, clip art and software libraries and online greeting cards.
Xoom's IPO is highly anticipated following fellow community site GeoCities' recent success, according to a recent edition of the Internet Stock Report.
The managing underwriters of the offering are Bear, Stearns & Co., Inc. and Dain Rauscher Wessels. Neither prices nor offering date were disclosed.