Xero shares slip 2.5% in first day of sole ASX listing

Sun, 04 Feb 2018

By Paul McBeth Feb. 5 (BusinessDesk) - Xero shares fell 2.5 percent in their first day as being solely listed on the ASX, following the fall-out of a sharp sell-off on Wall Street which drove markets lower in Australia and New Zealand and weighed more heavily on growth-orientated equities. The shares fell 84 Australian cents to A$32.65 as at 12.50pm in Wellington, having gained 6.4 percent since they stopped trading on the NZX on Jan. 31. The sole listing was a controversial decision for the Wellington-based company, which had seen its s...

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