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New Dotcom era in more ways than one

posted onApril 23, 2013
by l33tdawg

IT businesses are busy seeking funding to fuel their expansion; they are seeking investors directly, or going to the stock markets.

Among the most successful to date is Xero, an accountancy software company headed by Rod Drury. In just a few years since its first initial public offering (IPO), it has grown into a business that generates revenues of NZ$1 billion-plus per year, something seen as a fine example for others to follow.

It is not alone, which is something that led the New Zealand Herald a few days ago to speculate about the prospect of a new "tech IPO boom". This followed plans by search engine technology company SLi Systems, which said it would seek NZ$27 million in an IPO.

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Industry News NZ

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