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>> MERCURY Latest News

FEB 15, 2013 - Business Insider

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ZOOM! Xoom Shares Up 59% After Market Debut, Kicking Off A Year Of IPOs (XMCM)

Xoom, a payments company focused on international money transfers, saw its shares jump 59 percent to $25.49 from its offering price of $16 in its debut on the Nasdaq market. The San Jose Mercury News notes that it's Silicon Valley's first tech IPO of the year. Xoom was cofounded in 2012 by CEO John Kunze and Kevin Hartz, who's now cofounder of Eventbrite, a ticketing startup. Hartz was an early investor in PayPal, and the company has other connections to the so-called "PayPal mafia"—a group of early employees and executives who have gone on to start or run other tech startups like ... Read More

Tags: ZOOM! Xoom Shares Up 59% After Market Debut, Kicking Off A Year Of IPOs (XMCM),  Mercury Latest News