Emerging Trends and Challenges
FTPartnersResearch-GlobalMoneyTransferTrends
FTPartnersResearch-GlobalMoneyTransferTrends
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PayPal Acquires Xoom for $890 mm<br />
Xoom: Stock Price Performance Since IPO<br />
Stock Price Performance Since IPO (NASDAQ: XOOM)<br />
$40<br />
$35<br />
$30<br />
$25<br />
In the first six<br />
months of<br />
trading, Xoom’s<br />
stock surged to<br />
an all time high of<br />
$34.60; up 116%<br />
from the offering<br />
price <strong>and</strong> 36%<br />
from 1st-day<br />
close<br />
July 26, 2013<br />
Price: $34.60<br />
Jan. 5, 2014<br />
Price: $16.84<br />
Xoom released a public<br />
statement announcing a<br />
one-time loss of $30.8 mm<br />
due to employee<br />
impersonation <strong>and</strong><br />
fraudulent requests; the<br />
Company’s CFO Matt<br />
Hibbard also resigned<br />
On July 1, 2015,<br />
PayPal announced<br />
the acquisition of<br />
Xoom; the stock<br />
surged 21%<br />
July 2, 2015<br />
Price: $25.05<br />
July 1, 2015<br />
Price: $20.70<br />
$20<br />
$15<br />
$10<br />
Key IPO Statistics<br />
Filing Range: $13-15<br />
Offer Price: $16.00<br />
Pricing Date: 02/15/13<br />
1-Day Close: $25.49<br />
1-Day Change: 59.3%<br />
1-Day Market Cap: $818 mm<br />
Oct. 28, 2014<br />
Xoom reported<br />
disappointing 3Q14<br />
results along with the<br />
resignation of CFO<br />
Ryno Blignaut; stock fell<br />
from $19.45 to $14.41<br />
Source: Company website, SEC filings, Capital IQ.<br />
78
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