Xero IPO
The guys at Xero are announcing their IPO in the NZX. The offer opens this Monday 14 May, closing at the end of the month. The listing date is 5 June 2007. All information and investors' prospectus are available now.Xero is accounting with web 2.0 technologies. Think of an on-line accounting package full of Ajax, flash charts, moving timelines, integration with banking systems and more technology goodness.
Rod Drury did a demo during the Kiwi Foo Camp and since then launched an open beta. I've joined the service which is aimed at small and medium business companies and individuals, with plans to launch in the UK pretty soon as well.
At the Kiwi Foo Camp we were also told about the new offline features coming in Mozilla 3.0 and that got Rod thinking about new future features for Xero.
Xero is another example of kiwi technical abilities, and was developed here in Wellington.
Other related posts:
What copyright really means in New Zealand
The Internet: bad and good according to Jeff Jarvis
Migrated to Microsoft Online Services at the end
Comment by Ben Kepes, on 12-MAY-2007 17:05
It will be interesting to see how Xero goes - with the pull of the existing players like MYOB in one direction and the open source offerings in the other they certainly have their work cut out for them!
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Comment by mike, on 12-MAY-2007 12:50
Just read the offer document, welcome to Bubble 2.0!