From Xero to hero: CEO pay rise and skyrocketing shares

Xero chief executive, Sukhinder Singh Cassidy. (Image: Supplied)

Fri, 20 Dec 2024

How much longer will Xero call Australia – the Australian Securities Exchange – home? When it shifted its listing to the exchange (ASX) from the New Zealand Exchange (NZX) this cut corporate NZ to the quick.Its recent earnings prompted a re-rating of its shares, which catapulted Xero's share market valuation so that it is now ranked just outside the top 20 stocks listed on the ASX.And, if consensus share price forecasts are achieved – the average of the forecasts is a share price of A$195 (NZ$214.52), which is well up from...

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