Sharemarket darling Xero has been added to the exclusive group of New Zealand's 10 largest listed companies.
NZX said yesterday the cloud accounting software firm had been added to the NZX 10 following February's New Zealand stock market metrics, having met the ranking and liquidity requirements for inclusion.
Infrastructure firm Infratil would be removed from the NZX 10, as the lowest-ranked company.
Xero's shares closed down 0.02 per cent at $40.14 yesterday, valuing the company at $5.1 billion.
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