Xero shares halted pending outcome of capital raising

Thu, 10 Oct 2013

By Paul McBeth Oct. 10 (BusinessDesk) - Shares in cloud-based accounting software developer Xero have been halted pending the outcome of a capital raising. The Wellington-based company sought the halt for up to 48 hours “pending release of a material announcement by Xero Limited in relation to the outcome of the capital raise,” it said in a statement to the ASX. The shares slipped 0.3 percent to $17.95 on the NZX before the halt, having more than doubled this year. The company last raised money in November last year when Peter Thiel’s Va...

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