Xero's ASX listing prospectus sees more losses, capital needs

Mon, 08 Oct 2012

By Paul McBeth Oct. 8 (BusinessDesk) - Xero, the cloud accounting software firm, expects to make more losses in its push to become a global player and may raise more cash to pay for those plans, according to its prospectus for a secondary listing on the ASX. The Wellington-based company lodged its prospectus for admission on the official list of the Australian Securities Exchange as a secondary listing, but doesn't plan to raise fresh capital at once. Xero said it expects to make more losses and may seek more funds to pay for its global aspi...

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