Xoom IPO Still Offers Long-Term Appreciation
Xoom (XOOM) priced last week just above their filing range at $16 and then traded up sharply to close out the week at just over $25. XOOM is a very different story (online payments) but with all the key ingredients for a strong IPO. Our initial analysis included a rough intrinsic valuation model that suggests a $40 to $45 stock price.