Hamish Fletcher

Hamish Fletcher is a business reporter for the NZ Herald

Xero's share price keeps on rising

Rod Drury, chief executive of Xero. The software firm has seen its share price rise 310 per cent this year. Photo / David White
Rod Drury, chief executive of Xero. The software firm has seen its share price rise 310 per cent this year. Photo / David White

Xero's share price has continued to skyrocket and has broke through $22 today.

Today's increase of $1.42 or 6.90 per cent follows Tuesday's rise of 4.47 per cent and Monday jump of 9.75 per cent, when the accounting software company announced it has raised $180 million of new capital.

The firm's $22.10 share price at 1:45pm -another record high - gives Xero a value of $2.599 billion by market capitalisation.

The firm's share price has climbed by $16.71 over the last year, a rise of 310 per cent.

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- NZ Herald

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