NEW YORK--Online cash-transfer company Xoom Corp. disclosed plans for an initial public offering worth as much as $50 million Friday.
San Francisco-based Xoom operates an online, international money-transfer business. Customers can send funds to other customers in 30 countries. The company generates revenues from transaction fees.
Registration amounts serve as placeholders for calculating SEC fees, and the amount XOOM raises could ultimately differ from the amount listed in Friday's filing.