Xero breaks through $2b mark

TOM PULLAR-STRECKER
Last updated 22:15 04/07/2013

Relevant offers

Industries

No visitor levy but other sweeteners possible - Steven Joyce Union pushes for tighter lift safety rules following death of Wellington man Brendon Scheib Building consents top $2 billion for the first time 'Perception' the problem as super changes bring ageism into sharper focus Chart of the day: Sharp drop in value of exports from Port Taranaki Wellington's Amora Hotel says it is closing for up to 12 months TVNZ outlines newsroom cuts to staff No fine but demolition company director pleads guilty over asbestos danger Fletcher Building is a target for bored investment banks, fund says Budget will bump up NZ's infrastructure spending, finance minister signals

Xero is worth only $32 million less than Sky Television after the market capitalisation of the cloud computing company crashed through the $2 billion barrier yesterday.

The company's shares closed up 74 cents or 4.4 per cent at $17.49, valuing the firm at $2.05b.

Chief executive Rod Drury's 18.5 per cent stake in Xero is now worth $379m.

Drury professed indifference to Xero's sharemarket value yesterday morning. First NZ Capital analyst James Schofield said he was not aware of any news behind yesterday's jump.

Ad Feedback

- The Dominion Post

Special offers

Featured Promotions

Sponsored Content