It has been an eventful seven years since Xero's listing on the NZX in May 2007, with further capital raising, new personnel appointments and price shifts.
Customer numbers vs share price July 2007 - December 2014 Photo: RNZ
- May 2007 - Xero raises $15 million at $1 per share - the shares begin trading at $1.11
- June 15, 2007 - Xero shares fall below $1
- August 17, 2007 - Xero shares hit bottom, trade at 70c
- April 2, 2009 - Xero shares begin trading consistently above $1 after Xero announces plans to raise further capital
- April 7, 2009 - MYOB founder Craig Winkler invests $18 million in new Xero shares at 90c per share
- July, 2009 - Xero's customer numbers pass 10,000
- June 2010 - Xero passes 20,000 customers
- October 2010 - Paypal founder Peter Thiel becomes a Xero shareholder, investing $4 million, and joins Xero's US advisory board
- February 2012 - Xero raises $20 million from existing shareholders, including Craig Winkler and Trade Me founder Sam Morgan
- March 2012 - Xero raises a further $15 million from retail shareholders
- May 2012 - Xero passes 78,000 customers
- November 2012 - Xero raises $60 million from US investors, including Peter Thiel
- February 2013 - Xero passes 135,000 customers
- October 2013 - Xero raises $180 million from US and NZ investors, including Peter Thiel, at $18.15 per share
- February 2014 - Xero passes 250,000 customers, appoints former Microsoft CFO Chris Liddell as chairman and Peter Karpas, a former Paypal executive, to manage its US operations
- March 2014 - Xero shares hit $45.99
- September 2014 - US head Peter Karpas resigns after 6 months in the job (Xero is still looking for a replacement)
- October 2014 - Xero shares hit their year low at $15
- December 2014 - Xero customers pass 400,000
