Xoom (XOOM) Peers Move Higher on Strong IPO Showing (WU) (MGI) (FLT)

February 15, 2013 11:09 AM EST Send to a Friend
Xoom Corporation (Nasdaq: XOOM) is having a strong strong with its IPO opening above the expected price of $16 Friday morning. Shares are up 37 percent at last check, hanging around $22.

With its S-1 filing, Xoom billed itself as, "a pioneer and leader in the online consumer-to-consumer international money transfer industry." Peers in the segment are getting a little boost from the interest in Xoom today. Names include Western Union (NYSE: WU), Moneygram Int'l (NYSE: MGI), Euronet Worldwide (Nasdaq: EEFT), Global Cash Access (NYSE: GCA), FleetCor Tech (NYSE: FLT), among others.


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