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Xero founder Rod Drury pocketed $A198m on Wednesday when he parted with two million shares in the company.
The share price of the cloud accounting software company has increased 23-fold since first listing on the ASX in 2012.
The shares reportedly sold for $A99 each. It is not the first time Drury has cashed in. Other big sales include NZ$122 million in 2019 and NZ$95 million in 2017.