Money transfer service Xoom prepares for IPO -sources

Online money transfer service Xoom Corp is preparing for an initial public offering, becoming the latest company to take advantage of a new U.S. law that makes it easier for startups to go public, according to two sources familiar with the situation.

San Francisco-based Xoom has hired Goldman Sachs Group Inc as its lead underwriter and has already filed confidentially with the U.S. Securities and Exchange Commission, the sources said.