2 Mar 2015

Xero still planning a Nasdaq listing and to raise further funds

From Business News, 6:55 am on 2 March 2015

Xero is still planning to list on America's Nasdaq and is likely to raise further funds then, though it is unlikely to be this year. The accounting software company raised almost $150 million from the Silicon Valley-based Accel Partners and its existing 10% shareholder, Matrix, is kicking in just over $14 million more.