future ipos xoom

Sources confirmed that Xoom, an online money transfer service that competes with services like Western Union, has indeed filed an IPO. Over 700,000 customers used Xoom to transfer nearly $3 billion in funds during the company's fiscal year, which ended in September. Analysts like the company's management team and predictability. Xoom is led by CEO John Kunze, previously the chief exec at Plumtree Software, which BEA Systems acquired in 2005. Xoom's board boasts a number of experienced financial minds who may be able to offer IPO guidance, including former PayPal CFO Roelof Botha, and Murray Demo, previously CFO of Dolby Laboratories, Inc. Xoom declined to comment on a potential IPO.

  @FortuneMagazine - Last updated January 02 2013 05:19 PM ET
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