Xero eyes possible A$1 billion float in US, media reports

Tue, 21 Oct 2014

By Suze Metherell Oct. 22 (BusinessDesk) - Xero, the cloud-based accounting software company, is moving ahead with plans to list in the US with an initial public offer of A$1 billion flagged, according to media reports. The Wellington-based company has engaged Morgan Stanley's global team to help it with a US float valued between A$500 million to A$1 billion and planned for the end of next year, according to the Australian Financial Review. A spokeswoman for Xero declined to comment on the report, other than to say "we're looking to list...

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