NEW YORK Shares of Xoom (XOOM) soared more than 40 percent in their first day as a publicly traded company. The online money-transfer company gained $6.41, or 40.1 percent, to $22.41 in midday trading on Friday. It opened at $21. Xoom raised $101.2 million from selling 6.3 million shares at $16 each.
When was Xoom founded?
March 1, 2001
Xoom Corporation/Founded
Who is the owner of Xoom?
PayPal
PayPal, Inc.
Xoom Corporation/Parent organizations
How much was Xoom sold for?
Xoom, a San Francisco-based online money transfer technology and services company that went public in 2013, is being acquired by PayPal for $25 per share in cash or $890 million. The price represents a 32 percent premium over Xoom’s three-month volume-weighted average price.
Is Zoom owned by PayPal?
Funding and Ownership Peter Thiel was an early investor in Xoom Corporation. On March 25, 2010, Xoom closed an F-series round of financing for $33 million. Xoom went public on February 15, 2013. In November 2015, PayPal acquired Xoom Corporation for $25 a share, to a total of about $1.09 billion.
Is Xoom safe to use?
Xoom lets you send money internationally, pay your bills, and top up prepaid phones. Since Xoom is owned by PayPal and regulated in the US, it’s a safe and secure way to move your money.
How safe is Xoom money transfer?
Is Xoom safe? Xoom is an international money transfer service administered by PayPal, a trusted company. You can use its encrypted website to send money to over 70 countries. While fees can be high for sending money from your debit or credit card, Xoom does not charge fees for transfer from your PayPal or bank account.
Is Zoom a Chinese company?
Zoom is a U.S.-founded company and its founder Eric Yuan is a Chinese immigrant who is now an American citizen. However, the company’s development team is “largely” based in China, according to Zoom’s regulatory filing from earlier this year.
When did Xoom get bought out by PayPal?
Xoom was acquired by PayPal in November of 2015. It made sense because the two companies provide similar services. The cost to PayPal at the time was $25 per share and the total that they ended up spending to make the purchase was $1.09 billion.
Where is the headquarters of the Xoom Corporation?
The company was founded in 2001, is based in San Francisco, CA, and has an office in Guatemala City, Guatemala. In November 2015, PayPal acquired Xoom Corporation for $25 a share, to a total of about $1.09 billion.
Who are the investors in Xoom money transfer?
[1] [2] Prior to that, Xoom was an independent publicly traded company and was initially backed by venture firms including Sequoia Capital, New Enterprise Associates, SVB Capital, and Fidelity Ventures. [3] Xoom offers money-transfer services, primarily from one person to another, in many countries worldwide.
What do you need to know about Xoom?
Xoom is a company that received high marks in the remittance service providers category. They received the distinction of becoming a company with the “highest consumer satisfaction ratings in transparency of the fee, transparency of the foreign exchange and value.” This honor was bestowed upon them in 2010.
