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Xoom leaps in 1st day as a publicly traded company

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NEW YORK (AP) — Shares of Xoom soared more than 40 percent in their first day as a publicly traded company. The online money-transfer company gained $6.41, or 40.1 percent, to $22.41 in midday trading on Friday. It opened at $21. Xoom Corp. raised $101.2 million from selling 6.3 million shares at $16 each. It had predicted selling 5.8 million shares for $13 to $15 each in a Securities and...

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