Xoom Soars in Trading Debut

Investors banking on the latest advances in international money transfers bid up shares in the IPO of Xoom Corp., which lets customers wire cash across borders using the Web. The stock jumped 45 percent.

Xoom’s shares opened at $21 on the Nasadaq Stock Market, up 31 percent from their $16 offer price. The stock had climbed above $23 in midday trading.

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