The NZ Herald opts for a military metaphor with Xero share soar on ‘war chest’ sale headlining a story which reads a lot like the Businessdesk version. In Wellington the key point for Tom Pullar-Strecker who files for The Dominion-Post is that that money will mean extra jobs at Xero’s headquarters in that city. Pullar-Strecker also says the money is a vote of confidence in the company.
Radio New Zealand is concerned with the jobs angle although it raises a different point in Xero planning expansion – if it can find staff. It reports the company saying it will struggle to find the extra people in needs in Wellington. There’s also a an audio clip of a Rod Drury interview with the story. TVNZ used the Fairfax-sourced Xero raises $180 million on its website. If there’s a video clip, I can’t find it.
Lunden’s story has by far the longest headline, but it also contains a lot more depth than any of the other overseas written reports. She includes the company’s capital-raising history and puts Xero in a broader context. She also uses Kepes wisely getting him to explain: “Why public Xero is raising funding from VCs, it’s an interesting predicament that seems unique to markets like New Zealand”.
Lastly, UK-based The Registers used Australian editor Simon Sharwood to pen the alliterative Kiwi ‘ccountancy cloud collects colossal cash casket. He ends his story writing: “If the new cash infusion helps Xero to repeat its trick of shaking up incumbent small business accountancy-ware players, plenty of Reg readers may soon find themselves being asked about migrations or implementations.”