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RealTime IT News

XOOM, Inc. Plans IPO

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.